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Maharashtra Scooters Ltd.

BSE: 500266 Sector: Financials
NSE: MAHSCOOTER ISIN Code: INE288A01013
BSE 00:00 | 24 Apr Maharashtra Scooters Ltd
NSE 05:30 | 01 Jan Maharashtra Scooters Ltd
OPEN 1996.40
PREVIOUS CLOSE 2049.00
VOLUME 895
52-Week high 4948.00
52-Week low 1827.00
P/E 30.31
Mkt Cap.(Rs cr) 2,227
Buy Price 1929.90
Buy Qty 10.00
Sell Price 1948.40
Sell Qty 2.00
OPEN 1996.40
CLOSE 2049.00
VOLUME 895
52-Week high 4948.00
52-Week low 1827.00
P/E 30.31
Mkt Cap.(Rs cr) 2,227
Buy Price 1929.90
Buy Qty 10.00
Sell Price 1948.40
Sell Qty 2.00

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 June 11 1975 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 scooterswhichever 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 motorized 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.