KTM AG (the former KTM Sportmotorcycle AG) is an Austrian motorcycle and sports car manufacturer owned by KTM Industries AG and Indian manufacturer Bajaj Auto.
It was formed in 1992 but traces its foundation to as early as 1934.
Today, KTM AG is the parent company of the KTM Group.
KTM is known for its off-road motorcycles (enduro, motocross and supermoto).
Since the late 1990s, it has expanded into street motorcycle production and developing sports cars – namely the X-Bow.
In 2015, KTM sold almost as many street as off-road bikes. Production of the KTM X-Bow started in 2007.
Since 2012, KTM has been the largest motorcycle manufacturer in Europe for four consecutive years. Globally, the company is among the leading off-road motorcycle manufacturers.
In 1934, an Austrian engineer Johann (Hans) Trunkenpolz set up a fitter's and car repair shop in MATTIGHOFEN. In 1937, he started selling DKW motorcycles.
His shop was known as Kraftfahrzeug Trunkenpolz Mattighofen, but the name was unregistered. During the Second World War, his wife took care of the business which was thriving mainly on account of diesel engine repairs.
After the war, demand for repair works fell sharply and Trunkenpolz started thinking about producing his own motorcycles. The prototype of his first motorcycle, the R100, was built in 1951.
The components of the motorcycle were produced in house, except for the Rotax engines which were made by Fichtel & Sachs. Serial production of the R100 started in 1953. With just 20 employees, motorcycles were built at the rate of three per day.
In 1992, the company was split into four new entities: KTM Sportmotorcycle GmbH (motorcycles division), KTM Fahrrad GmbH (bicycles division), KTM Kühler GmbH (radiators division) and KTM Werkzeugbau GmbH (tooling division).
Now owned by KTM Motorradholding GmbH, which was formed by Cross Holding (a Cross Industries daughter), and other investors, KTM Sportmotorcycle GmbH started operation in 1992 and later took over the sibling tooling division KTM Werkzeugbau.
In 1995, KTM Motorradholding GmbH acquired Swedish motorcycle maker Husaberg AB and took control of the Dutch company White Power Suspension.
In 2007, Indian motorcycle manufacturer Bajaj Auto bought a 14.5% stake in KTM Power Sports AG.
By 2013, Bajaj Auto held a 47.97% interest in the company.
In 2013, KTM acquired the formerly Swedish motorcycle maker Husqvarna Motorcycles from its prior owner BMW Motorrad AG.
The same year, KTM re-integrated the brand Husaberg into Husqvarna Motorcycles from which it had spun off in the 1990s when Husqvarna was sold to the Italian company Cagiva.
As the final result of the restructuring process, KTM Motorradholding GmbH had become KTM AG in 2012.
In 2015, KTM generated a turnover of over 1 billion Euro and employed 2515 people by the end of that year.