Bajaj Auto International Holdings (BAIHBV), a Netherlands based wholly owned subsidiary of Bajaj Auto, has hiked its stake in Europe’s second largest bike manufacturer. The company purchased 2.44 lakh shares in KTM Power Sports, increasing the total shareholding to 38.09% from 35.7%. In April this year, Bajaj Auto had raised its shareholding to 35.7% from 31.9%. Bajaj Auto has been steadily increasing its stake in KTM from 14.5% in 2007, having invested around Rs 800 crore till date. Bajaj Auto is currently the second largest shareholder in KTM.