Bajaj Auto's European unit, which holds 49.9% stake in troubled KTM AG, has secured a ₹5,400-crore (€544 million) one-year loan. This comes ahead of a deadline to raise funds for an insolvency plan for the Austrian two-wheeler major. The company has until May 23 to deposit €544 million with its insolvency administrator and pay out a 30% quota to creditors.