You are here » Home » Companies » Company Overview » Maharashtra Scooters Ltd

Maharashtra Scooters Ltd.

BSE: 500266 Sector: Auto
NSE: MAHSCOOTER ISIN Code: INE288A01013
BSE LIVE 15:40 | 23 Aug 2377.05 118.80
(5.26%)
OPEN

2270.85

HIGH

2387.95

LOW

2270.85

NSE 15:31 | 23 Aug 2385.60 115.00
(5.06%)
OPEN

2258.10

HIGH

2400.00

LOW

2256.05

OPEN 2270.85
PREVIOUS CLOSE 2258.25
VOLUME 452
52-Week high 2449.00
52-Week low 1385.60
P/E 219.29
Mkt Cap.(Rs cr) 2,717
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 2270.85
CLOSE 2258.25
VOLUME 452
52-Week high 2449.00
52-Week low 1385.60
P/E 219.29
Mkt Cap.(Rs cr) 2,717
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Maharashtra Scooters Ltd. (MAHSCOOTER) - Company History

The makers of Priya scooters, Maharashtra Scooters was jointly promoted by Western Maharashtra Development Corporation and Bajaj Auto. The company was incorporated at Pune in Jun.'75 and it came out with its first public issue in Nov.'77. The company, at the time of inception, entered into a technical know-how agreement with Bajaj Auto, the tenure of which was specified as 10 years from the date of commencement of commercial production or till the company achieved a total production of 3 lac scooters,whichever is later. Commercial production at its Satara plant commenced in Aug.'76. Under the scheme of re-endorsement of industrial capacity with reference to minimum economic scales of operation announced by the government, the company expanded the installed capacity of motorised two-wheelers (350 cc engine capacity) during 1985-86. Further expansions have increased the installed capacity to 1.5 lac numbers in 1996-97. During 1998-99, the company installed a Pre-treatment-cum-Cathodic Electro Deposition Plant, the plant is eco-friendly plant is expected to give boost to the product quality. In 1999-2000, the company was awarded ISO 9002 and ISO 14001 from Bureau Veritas Quality International (BVQI). In the year 2004-05, the company was awarded re-certification of QMS as per ISO 9001/2000.