The joint venture, in which Bajaj Auto holds 24 per cent, WMDC 27 per cent and the balance 49 per cent being held by the public, is located at Satara, in Maharashtra where it manufactures Bajaj Auto's Super and Chetak scooters. Maharashtra Scooters recorded a downturn in its overall performance during 1997-98, with production, sales, other income and market share registering a fall.

Production in 1997-98 fell 6 percent, to 145,016 (154,356), sales were down 7.80 per cent to 138,337 (150,036) and other income was down to Rs 11.8 crore (Rs 15.5 crore), resulting in a 5.86 per cent aggregate decline in sales and other income, amounting to Rs 275.8 crore (Rs 293 crore). Net profit stood at Rs 14.7 crore (Rs 15.8 crore). A dividend of 2 per cent on an enhanced paid up capital will lead to an outgo of Rs 2.3 crore, the same as the previous year when dividend had been 4 per cent. Its share of the total national scooter market declined to 11.63 per cent, from 12.04 per cent. The firm which had a bonus issue of 1:1 shares during 1997-98, has now doubled its issued share capital to Rs 11,42,85,680.