Economy, Auto

KTM Bikes Entering Iranian Market

KTM Bikes Entering Iranian MarketKTM Bikes Entering Iranian Market

Austria's KTM, famous for its high-performance motorcycles, has announced plans to enter the Iranian market in the coming months.  The announcement by the large group, which is part owned by India's Bajaj company, which is already present in Iran's growing motorbike market, refers to its focus on East Asia expansion, CNBC India reported.  Currently only a handful of KTM bikes is available in the Iranian market, with no company officially signing up with the country.  KTM announced in their recent press release that it is eying higher volumes through assembly in Asia, though it did not specify if this referred to Iran.

The Bajaj partner of the company is believed to be shipping the bikes to the Iranian market. Financial Tribune contacted Kavir Motorcycle, which also claims to be the official representative of the Austrian firm. It claimed to have the official contract to sell KTM motorcycles in Iran and that it recently opened a flagship showroom for those bikes in northern Tehran. KTM Austria was not able to comment at the time of going to print to confirm Kavir's claim.