As per the latest news from the technology sector, the Bajaj Auto Ltd has recently announced the launch of KTM Power Sports AG’s 200 Duke bike in India, expanding its portfolio of sports bikes.

During the launch of the new bike in a function in New Delhi, Mr. Stefan Pierer, CEO of KTM-Sportmotorcycles AG,and Mr. Rajiv Bajaj, MD Bajaj Auto were present there.

Meanwhile, the Bajaj owns a 39.26 percent interest in Austria’s KTM.

And the new 200 Duke, comes with the price tag of around Rs.117,500 ($2,340) at showrooms in New Delhi, will be available in the 32 exclusive showrooms in the 30 major cities of the country.

The announcement was made by the managing director at India’s second-biggest motorcycle maker by sales, Rajiv Bajaj.

While talking to media, Mr. Bajaj said, “We are confident this will be a successful product.”

On the other hand, KTM’s chief executive, Stefan Pierer, has earlier told media that the firm plans to sell 25,000-30,000 bikes in the country in the year 2012 and 200,000 motorcycles globally a year in 2015.

In the meantime, Bajaj Auto Ltd. also sells the Kawasaki 250R and 650R sports bikes in the country.