Maharashtra Scooters (MAHSCOOTER) is primarily a scooter manufacturer. It is a joint sector enterprise promoted by Western Maharashtra Development Corporation (27%) and Bajaj Auto (24%). The company was incorporated in 1975. It holds 3.35% stake in Bajaj Auto in addition to 4.88% stake in Bajaj Auto Finance. The company assembled geared scooters, but due to non-availability of CKD packs from Bajaj Auto, the company ceased production of geared scooters in April 2006. MSL has managerial and technical agreement with Bajaj Auto for production of scooters. Scooter brands included Chetak, Super and Priya. The company has its plants in Waluj and Akurdi. Following the changing preferences of consumers, the steep slide in the demand for geared scooters continued during the year 2005. Production of scooters fell by 31.84% against installed capacity of 150,000 units. The competition in the two-wheeler industry is fierce and stiff with several big international players, like Honda having created a steady presence in India. Further, the trend of shift in customer preference from scooters to motorcycles continues, resulting in the geared scooter segment showing negative growth. Bajaj Auto has offered to buy out the Western Maharashtra Development Corporation stake of 27% but the valuation matter is in court. The registered office of the company is at Bajaj Auto, Mumbai-Pune Road, Akurdi, Pune-411035, Maharashtra.
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