Western Maharashtra Development Corporation (WMDC) has transferred its 27% stake in Maharashtra Scooters to Bajaj Holdings & Investment (BHIL) on June 17, 2019. Consequent upon the acquisition of 27% stake of the company from WMDC, BHIL holds 51 % shareholding in Maharashtra Scooters. The company has hence become a subsidiary of BHIL now.
Maharashtra Scooters is engaged in assembling geared scooters. The company markets scooters under the brand name of Chetak, Super and Priya.