VOL. 52 ISSUE 6 FEBRUARY 10, 2015 P65
than 50 percent of sales
outside of Europe—48
percent in Europe and 52
percent outside. Then in
the USA and Canada it's
around 23 percent of sales,
because the market in
the States seems to have
recovered and is continuing
to grow. We saw a year-on-
year increase there of 20
percent to about 25,000
bikes, and it's still our big-
gest market.
But our big growth is
coming from Asian coun-
tries like Malaysia, Indone-
sia, the Philippines, Vietnam and
Cambodia. Plus, Latin America is
also growing fast, and the most
successful country there for KTM
is Colombia. There our distribu-
tor is a big, but very serious local
company that's selling around
120,000 Bajaj motorcycles a year
that they assemble from CKD
[complete knock down] kits, and
almost 4,000 KTMs, with 90 per-
cent coming from Bajaj in India in
CKD form.
How many other assembly
plants does KTM have at pres-
ent?
We have them in Malaysia and
Colombia already. Then Brazil is
going online in the next months,
after that Argentina, and then
the Philippines is under serious
planning. But the biggest one of
course is with our partner Bajaj in
India, with 300 people in its Pune
plant making 60,000 KTMs last
year on two separate assembly
lines. And last year we also began
KTM assembly in China, with our
partner CFMoto. They produced
1,000 bikes in the first year from
CKD kits delivered from India, and
it's running very, very well. That's
going to increase quite a lot since
we've already agreed on a joint
venture to start during 2015.
How many of those 60,000
bikes built in India stayed there?
Sixteen-thousand, and I would
say that's ahead of what we origi-
nally expected. It seems KTM's
sales volume in India could grow
much faster than we expected,
easily up to 30,000 or even
50,000 annual sales in the next
couple of years. Last time we
spoke about this together was
in February 2013—soon after we
acquired Husqvarna—and I told
you that by 2017 we were planning
to produce 200,000 units annu-
ally, which would be split 50/50
between developed markets and
emerging markets. Well, we're ab-
"THE NEW
CLASSIC.
THAT'S THE
THEME OF
HUSQVARNA,
WITH KTM AS
THE READY
TO RACE
BRAND, AND
TOGETHER
WITH
THOSE TWO
DISTINCT
BRAND
CONCEPTS
WE CAN
COVER THE
WHOLE
MOTORCYCLE
WORLD."
KTM's engine factory in Mattighofen, Austria.
