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.
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Source: Ayala Corporation announces joint venture with KTM – Motorcycle News