Auto major, Bajaj Auto is believed to be scouting for an European firm after buying a minority stake in Austria`s KTM and announcing a distribution alliance with Japanese cult-bike maker Kawasaki.
The two-wheeler maker is in talks with the UK`s Triumph Motorcycles.
Talks are said to have reached a more decisive phase now and indications are that Triumph may be open to offloading some equity stake to Bajaj in a bid to enter the Indian market.
Earlier this week, Triumph`s export manager Nick Bloor had said his company is keen to establish presence in India.
We told you about Triumph's plans for India (see) and now things do seem a little clear on how we can expect the Triumph Rocket III here!
SOURCE : Rediff
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