NEW DELHI, April 16 -- After helping to secure funding to clear KTM's dues, Bajaj Auto has shifted focus to cost cutting and tighter governance at the Austrian premium motorcycle maker, its largest acquisition, a top executive told Mint.The cost-reduction initiatives include a review of sourcing strategies and identification of synergies, while Bajaj steps up its role on KTM's supervisory board, Bajaj Auto executive director Rakesh Sharma said."Our support to them started with the first phase, where we had to get the liquidity organized. The second was putting in the top management. The third phase is now the execution of the turnaround plan, one important constituent of which is reduction in costs, and capturing of synergies, which has g...