KTM motorcycles to be built in the Philippines
Ayala Corporation has just announced their joint venture with KTM AG, one of the world's leading motorcycle manufacturers. The Ayala Corporation will serve as the exclusive local distributor of KTM products in the country and will be manufacturing motorcycles for the Philippines and for export to China and Southeast Asian countries. The Austria-based KTM Group builds and markets a wide range of off-road and street motorcycles.
“We are delighted to have found a strong and capable Asian partner in the Ayala group, one of the leading conglomerates in the Philippines, a country we view as a key platform for achieving our global growth strategy. Ayala’s capabilities in manufacturing, distributorship and dealership, as well as its regional expertise and excellent reputation, make them the ideal strategic partner for our READY TO RACE aspirations. We look forward to a long and fruitful relationship and plan to rapidly grow KTM and its brands across Asia,” said Stefan Pierer, Chief Executive Officer of KTM.
Ayala Corporation President and COO Fernando Zobel de Ayala adds, “We are very excited to introduce KTM and its lineup of outstanding performance motorcycles to the Philippines. For decades, KTM has been at the forefront of motorcycle engineering and technology, building vehicles that are “Ready to Race”. This venture will enhance our existing offerings under our automotive group and allow us to serve more of the country’s growing mobility needs.”
KTM joins the Ayala Automotive unit, which includes Volkswagen and several Honda and Isuzu dealership. “This partnership is the first of many investments as we ramp up our manufacturing portfolio. Over the years, we have built a long track record of excellence in manufacturing and engineering. We believe that manufacturing should be a critical component for the country’s growth moving forward, providing thousands of jobs, creating numerous ancillary business opportunities, and helping drive inclusive growth for the Philippines,” said Jaime Augusto Zobel de Ayala, Chairman and CEO of Ayala Corporation.