Govt could sell its all stake in Scooters India

He said unless Scooters India Ltd (SIL) gets fresh capital infusion, it cannot survive for long as it is not in a good financial position.

Government was earlier considering a joint venture with private sector for revival of SIL, which has piled up a loss of Rs 22.03 crore in the fiscal 2009-10.2nd hand cars

Patel had earlier said that there was an "absolute" case for privatisation of the PSUs which have remained closed.

Government holds 95.38 per cent in Scooters India.

Its Shares hit the upper circuit today and jumped 10% to Rs 28.15 on the BSE.

Located near Lucknow, Scooters India is an integrated automobile plant, engaged in designing, developing, manufacturing and marketing a broad spectrum of conventional and non-conventional fuel driven 3-wheelers. Mahindra First Choice