doppelganger
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KTM is actually an austrian company with bajaj owning only 25% shares...
KTM was an Austrian company which is now an Indian company. Bajaj owns controlling stake at 49%, which according to the grapevine will be expanded soon.
These bikes are manufactured at Chakan near Pune in Maharashtra, India, and it was on the back of the sales of the smaller 125 and 200 cc variants of the same bike (this one is a 390 cc killer) also manufactured at the Chakan plant that KTM overtook BMW as the #1 bike manufacturer in Europe last year.
The R&D for these machines is done at the huge R&D facility at Chakan, with testing at their facility in Akurdi, jointly between Bajaj and KTM (India and Austria) teams. Outer design is by the world famous Kiska Designs.
P.S. @DESERT FIGHTER - wouldn't you love to ride one of these?
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