KTM To Take Majority Stake In MV Agusta
By Carandbike Team
2 mins read
Published on May 17, 2023
- KTM already acquired 25.1 per cent stake in MV Agusta
- Italian brand MV Agusta still has its headquarters in Varese, Italy
- MV Agusta is currently owned by the Sardarov family
KTM seems to be working towards becoming a majority shareholder in MV Agusta. In a recent interview, published by an Italian online publication, a senior member of Pierer Mobility Group (PMG) has indicated that PMG wants to become a majority shareholder in the Italian brand. According to Hubert Trunkenpolz, a member of the PMG Executive Board, MV Agusta will become part of the larger PMG network, and it will be positioned as a luxury brand and bring the iconic Italian brand “back to where it deserves.”
Italian luxury motorcycle brand MV Agusta has not been able to expand its presence globally, despite having some mouth-watering motorcycles.
In the interview, Trunkenpolz however clarified that PMG will invest heavily in MV Agusta’s Varese plant over the next two years, but first focus will be on MV Agusta’s sales and commercial network.
"Given that we have great respect for the Sardarov family, who in recent years have restored their accounts and invested heavily in the company, there are objective product problems: it was missing, or it arrived late, or it wasn't well conveyed by the sales network. MV Agusta, as an independent company, produces too few motorcycles and spends too much on supplies to stand alone,” Trunkenpolz has been quoted in the interview.
Also Read: KTM May Be Looking To Acquire MV Agusta
MV Agusta's 800 model range uses inline three-cylinder engines, while the 1,000 cc sportsbikes employ four-cylinder engines.
MV Agusta will continue to exist in Italy, and compared to just about 1,000 motorcycles produced last year, Pierer Mobility Group intends to expand production to full capacity of 12,000 motorcycles annually. MV Agusta will be positioned as a luxury brand, with top-of-the-range products, Trunkenpolz added, saying that considering the three-cylinder platform of the Italian brand, there will not be any overlaps with KTM.
Last year, KTM’s parent company Pierer Mobility acquired 25.1 per cent stake in Italian motorcycle brand MV Agusta. Under the terms of the agreement, KTM AG will provide MV Agusta with supply chain support and take over purchasing. Pierer Mobility will also partly distribute MV Agusta’s product range through its worldwide distribution network. But KTM seems to be looking at complete control of the Italian motorcycle bramd.
Last Updated on May 17, 2023
Great Deals on Used CarsView All Used Cars
- 58,000 km
- 60,923 km
- 32,574 km
- 48,139 km
- 60,000 km
- 13,000 km
- 19,000 km
- 37,838 km
- 45,000 km
- 56,000 km
5 hours ago
The Kia Sonet facelift is slated to be unveiled on December 14. The leaked brochure reveals details about its specifications, features and variants.
Enyaq 85 SUV offers over 560 kms of range while the coupe variant sees range increased to over 570 km.
The latest spy shots of the Tata Punch EV reveal the new LED DRL design on the offering, while the all-electric offering is expected to bring comprehensive upgrades.
This support initiative will run for 10 days from 8 December to 18 December for customers of Tamil Nadu, Andhra Pradesh and Puducherry affected from the flash floods
The manufacturer also said that it would hike the prices of its commercial vehicle range
8 hours ago
The motorcycle is powered by a 457 cc parallel-twin engine that churns out 47 bhp of max power
8 hours ago
Tata Motors will extend the vehicle warranty of customers affected by Cyclone Michaung, while the company is taking additional measures to improve accessibility to service their vehicles
10 hours ago
Along with monetary aid, Hyundai Motor India Foundation is also working with the state government to delivery emergency relief and essential commodities
10 hours ago
The carmaker said that rising input costs necessitated the revision in pricing.
11 hours ago
Jawa Yezdi motorcycles is holding a mega service camp in Cochin, Kerala from December 14-17 for owners to get free check-ups
29 days ago
Prominent motorcycle manufacturers showcased their latest offerings at this year's event in Milan, Italy.
1 month ago
The Italian brand celebrates its 80th anniversary year of its legendary 98 engine with the new Superveloce 98.
2 months ago
Special edition Brutale pays tribute to the historic Assen Circuit in the Netherlands with a striking blue and silver paint scheme.
4 months ago
Limited to only 300 units, each motorcycle will received a lasered individual number on the top of the triple clamp
5 months ago
After North America, Pierer Mobility, KTM’s parent company, is looking to rebuild MV Agusta’s dealership network in the Japanese market.