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KTM sold almost 50,000 units in Q2 2026, but did not disclose how much of that was old stock. For a company in the middle of a turnaround, the makeup of the sales figure is under scrutiny.
What the numbers show is that KTM is at the stage of clearing stock first. From a market perspective, if you do not separate genuine demand for new machines from the run-down of inventory, you will misjudge their true strength. Including the relationship with Bajaj in India, production and sales networks originating in Asia should hold the key to the rebuild.
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I like KTM, so I genuinely want them back on their feet.
Hiding the old-stock breakdown tells you everything.
Not breaking down those 50,000 units is the suspicious part.
Could just be them clearing out old stock.
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