Maha Scooters to stop making geared scooters


MUMBAI, March 31 (Reuters) - Maharashtra Scooters Ltd. said on Friday it will stop making geared scooters from April 2006 after its majority stake holder Bajaj Auto Ltd. halted production. The company said it expects to sell the remaining stock of about 2,450 finished geared scooters within a few months. In January, Bajaj Auto increased its stake in Maharashtra Scooters to 51 percent, paying $10.5 million to the state of Maharashtra. The company said it would continue to make casting ...

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