Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 please find attached a copy of the Press release dated 27 November 2020 issued in Austria by PIERER Mobility AG (PMAG) in respect of the shareholding structure with Bajaj Autos 100% Netherlands subsidiary Bajaj Auto International Holdings BV (Bajaj) in KTM AG Austria