The story
Early years
In 1934, Austrian engineer Johann (Hans) Trunkenpolz (1909–1962) set up a fitter's and car repair shop in Mattighofen. In 1937, he started selling DKW motorcycles, and Opel cars the following year. 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 a rate of three per day.
Kronreif & Trunkenpolz Era (1953–1991)
In 1953, businessman Ernst Kronreif became a major shareholder of the company, which was renamed and registered as Kronreif & Trunkenpolz Mattighofen. In 1954, the R125 Tourist was introduced, followed by the Grand Tourist and the scooter Mirabell in 1955.
The company secured its first racing title in the 1954 Austrian 125cc national championship. In 1956, KTM made its appearance at the International Six Days Trials, where Egon Dornauer won a gold medal on a KTM machine.
In 1957, KTM built its first sports motorcycle, the Trophy 125cc. KTM's first moped, named Mecky, was launched in 1957, followed by Ponny I in 1960 and Ponny II in 1962 and Comet in 1963. The 1960s also saw the beginning of bicycle production in Mattighofen.
Ernst Kronreif died in 1960. Two years later in 1962, Hans Trunkenpolz also died of a heart attack. His son, Erich Trunkenpolz, took charge of the company's management.
As the company continued to expand, the workforce totaled 400 in 1971, and forty years after it was founded, KTM was offering 42 different models. Additionally, KTM was able to produce motorcycles for the racing industry and began producing motorcycles for John Penton. During the 1970s and 80s, KTM also started to develop and produce engines and radiators. Radiators sold to European car manufacturers constituted a sizable part of the company's business in the 1980s.
In 1978, US subsidiary KTM North America Inc. was founded in Lorain, Ohio.
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In 1980, the company was renamed KTM Motor-Fahrzeugbau KG. One year later, KTM had about 700 employees and a turnover of 750m. schilling (about 54.5m. euros). International business then amounted to 76% of the company's turnover.
However, scooter and moped turnover sank rapidly, and production had to be halted in 1988. Erich Trunkenpolz died in 1989. Takeover of a 51% interest in the company by the Austrian investment trust GIT Trust Holding controlled by Austrian politician Josef Taus in 1989 was followed by unsuccessful attempts to turn the indebted company around, and in 1991, management of KTM was transferred to a consortium of creditor banks.
In 1991, 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).
Bicycles: Urcauf Family Era([1992 onwards)
After the split, Urcauf family took over the bicycle division KTM Fahrrad GmbH in 1992.
In 1994, they started producing bikes with aluminium frames and electric bikes.
In 1996, Carol Urkauf-Chen takes over the company.
In 1998, They adopt orange colour in their logo.
In 2006 they launch bikes with full carbon frame.
In 2007, they shift to a new headquarter in Wels, Upper Austria.
In 2018 Owner Carol Urkauf-Chen moves to the supervisory board, Johanna Urkauf and Stefan Limbrunner act as managing directors.
Motorcycles: Stefan Pierer Era (1992–2025)
Austrian automotive entrepreneur Stefan Peirer took control of KTM Motorcycles in 1992 and later took over the sibling tooling division KTM Werkzeugbau. In the following years, while steadily increasing production and turnover, investing in new production and R&D facilities, introducing new models and successfully sponsoring and taking part in various sports racing events, the company underwent a series of restructurings and stakeholder changes guided by KTM's managing director Stefan Pierer.
In 1994, KTM started production of the Duke series of road motorcycles; in 1996, KTM motocross machines were first decked out in KTM's signature orange color, and 1997 saw the introduction of liquid-cooled two-cylinder Supermoto and Adventure motorcycles. In 2007, the company debuted the KTM X-Bow sports car.
In 1995, KTM acquired Swedish motorcycle maker Husaberg AB and took control of the Dutch company WP Suspension.
In 2007, Indian motorcycle manufacturer Bajaj Auto acquired a 14.5% stake in KTM; which by 2013, increased to 47.97%.
In 2010 KTM Kühler divested their automotive radiator business to Mahle GmbH and the motorcycle radiator business to WP Suspension under WP Radiator brand.
In 2013, KTM acquired the formerly Swedish motorcycle maker Husqvarna from its prior owner BMW. The same year, KTM re-integrated the brand Husaberg into Husqvarna from which it had spun off in the 1990s when Husqvarna was sold to the Italian company Cagiva. In 2019, KTM acquired a 60% stake in the Spanish enduro motorcycle brand GasGas. In 2020 GasGas became a wholly owned subsidiary of KTM.
In 2021 Bajaj Auto sold 46.5% of KTM's shares to Pierer Mobility AG in exchange for 49% shares in the latter company and thus became an indirect stakeholder in KTM.
In 2022, Pierer Mobility acquired a 25.1% stake in Italian motorcycle company MV Agusta; and increased to a majority 50.1% in 2024.
In 2023 Pierer Mobility's financial situation became increasingly unsustainable and by 2024 they had a heavy debt to pay off. In 2024 KTM went into self imposed administration. Pierer Mobility was compelled to sell their stake in MV Agusta back to the previous owners the Sardarov family.
In the early 2025 Stefan Pierer started exiting from executives roles in KTM and its affiliates, making way for new investors.
In May 2026, KTM was accused by a consortium of European media outlets, including Le Monde, El País, Der Spiegel and ORF, of providing substantial and widespread assistance in the de-limiting of its enduro motorcycles at dealerships, in order to circumvent European emissions standards.
Motorcycles: Bajaj Auto Era (2025–present)
In 2025, Bajaj Auto, who were until now holding 49% stake in Pierer Mobility had offerred to take full control of KTM and its sister concerns by an 800 million Euro debt package. The deal was concluded in November 2025. Pierer Mobility is due to be rennamed as Bajaj Mobility which will hold 74.94% shares in KTM; rest of which lies in public hands.
From Wikipedia’s article on KTM, shared under CC BY-SA 4.0.4
