Ayala Corporation has entered an agreement with Austria-based KTM Group to produce and distribute KTM motorcycles in the country, and to tap export markets. The announcement was made last Friday by Ayala Chairman and Chief Executive Officer Jaime Augusto Zobel de Ayala during the company’s annual stockholder’s meeting.
KTM AG is world-renowned brand that develops and produces motorized vehicles for recreation including the KTM and Husqvarna brands.