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KTM belongs to Bajaj Auto Limited through KTM AG → Bajaj Mobility AG → Bajaj Auto International Holdings B.V.. KTM is owned by Bajaj Auto Limited, headquartered in India. No. The ultimate owner of KTM, Bajaj Auto Limited, is headquartered in India, not in the United States.
Bajaj Auto is one of the world's largest manufacturers of motorcycles and three-wheelers, based in India. It has been a strategic partner of KTM since 2007 and took controlling interest in the mid-2020s.
KTM AG
Sources: en.wikipedia.org, visordown.com
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