M&M, Atul Auto eye controlling stake in Scooters India


MUMBAI, Aug 23 (Reuters) - Indian utility vehicles maker Mahindra & Mahindra and three-wheeler maker Atul Auto Ltd are separately interested in acquiring a majority stake in state-run Scooters India Ltd , two sources in Mahindra and a senior official in Atul Auto said on Monday. The Indian government plans to offer upto 74 percent stake in Scooters India, the Hindu Business Line newspaper reported earlier this month, citing unnamed government sources. Scooters India, in which the ...

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