MUMBAI (Thomson Financial) - Indian two-wheeler major Bajaj Auto Ltd is focusing on British motorcycle company Triumph Motorcycles Ltd as a possible takeover target, The Economic Times reported.
The paper quoted unnamed sources as saying Bajaj Auto was earlier looking at Triumph and Italy-based Ducati Motor Holding SpA but has now decided to focus only on Triumph.
Bajaj Auto managing director Rajiv Bajaj refused to comment, the paper said.
According to the sources, Bajaj is looking to acquire a cult, top-end European brand to compliment its product line-up in India and position itself as a global player in the motorcycle market.
The sources also told the paper that Ducati's high valuations and history of labour trouble could have tilted the scale in Triumph's favour.
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