Latest


Scooters India's Disinvestment Approved

  •   Thu, May 19 2011 03:32:00 PM

New Delhi, May 19 (IANS) The government Thursday said it will sell its entire 95 percent stake in the loss-making auto firm Scooters India Ltd, maker of the iconic Lambretta scooters.

The disinvestment proposal was approved at a cabinet meeting chaired by Prime Minister Manmohan Singh.

Known for manufacturing the Lambretta scooters, popular in late 1970s and 1980s, Scooters India Ltd is a Lucknow-based automobile firm that designs, develops, produces and sells a range of three-wheelers.

The company was facing financial difficulties and the disinvestment proposal was forwared to the cabinet by Heavy Industries and Public Enterprises Minister Praful Patel.
  

Top Stories


Leave a Comment

Title: Scooters India's Disinvestment Approved



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like