Let's see if this happens, but if Pierer says so the chances are it will happen. It seems targeting these developing markets (whatever they are - India basically) may not be such a bad thing at the end of the day - we may get some tasty spillovers. The indicated 80hp from 500 seems a bit optimistic and for me the weight will be definitely much more important than power, but still - good to see they are not sleeping.
https://www.thequint.com/tech-and-auto/car-and-bike/ktm-bajaj-duke-500-bike-for-india-confirmed-price-specs
https://www.bikesrepublic.com/featured/ktm-ceo-bajaj-to-build-new-ktm-500cc-two-cylinder-model/
https://news.maxabout.com/bikes/ktm/500cc-twin-cylinder-ktm-duke-rc/
https://www.thequint.com/tech-and-auto/car-and-bike/ktm-bajaj-duke-500-bike-for-india-confirmed-price-specs
https://www.bikesrepublic.com/featured/ktm-ceo-bajaj-to-build-new-ktm-500cc-two-cylinder-model/
https://news.maxabout.com/bikes/ktm/500cc-twin-cylinder-ktm-duke-rc/