KTM chief, Stefan Pierer announced that the Austrian two-wheeler manufacturer of which Bajaj Auto owns 47 per cent share plans to enter the world of premier class racing. Speaking to Speedweek he revealed KTM’s plan of returning to MotoGP by the 2017 season. For this purpose it has developed the KTM RC16 that will be powered by a V4 powerplant. The KTM RC16 will be unveiled by 2016 after which the Austrian bikemaker will carry out testing and developing. There is also speculation that KTM would jump the gun and field the RC16 prototype as a wild-card entry in the 2016 season of MotoGP itself.