Austrian manufacturer KTM reported its worldwide sales have dropped more than 20 percent for its first half.
The OEM sold 32,034 vehicles, a drop of 31 percent for its first half compared to the previous-year period. Overall worldwide sales fell 22.6 percent to $295 million, KTM reported.
Despite the decrease in sales, KTM said it is continuing with two key projects: an electric-powered Enduro motorcycle and a small-engine, on-road motorcycle. The latter project is being developed in partnership with Indian manufacturer Bajaj Auto. KTM said it will show off the 125cc street motorcycle destined for the European market in Milan in November.
KTM also said of the Bajaj partnership, “These projects will point the way toward the development of other models and vehicles with new drive concepts for off-road and urban use.”