SML Isuzu
| Products | , Buses, Ambulances, Police personnel carriers, Water Tankers and special vehicles |
|---|---|
| Parent | Sumitomo Corporation |
| Divisions | SML Isuzu Parts Division |
| Website | www |
SML Isuzu Limited was formed in 2010 from the Swaraj Mazda company after Mazda pulled out of the venture and the Swaraj name was sold to Mahindra when the tractor division Punjab Tractors was sold off. The Sumitomo Corporation and Isuzu are now partners in this company and together have produced several licensed-Isuzu products.
The Company was incorporated in July 1983 in the name of Swaraj Vehicles Limited.
Joint Venture and Technical Assistance concluded between Punjab Tractor Ltd., Mazda Motor Corporation and Sumitomo Corporation, Japan. SVL renamed Swaraj Mazda Ltd.
Project set up with a capacity of 5000 [light commercial vehicles] (LCVs) at capital outlay of Rs. 200 million. Equity of Rs. 105 million was subscribed by:
Trial production and test marketing of Swaraj Mazda truck WT-48, WT-49, WT-50 LCV commence. The development of the vendor base undertaken as per approved by the government of India.
Commercial operations begin.
Introduction of indigenously developed bus.
In-house tooling for local production of chassis long member.
In-house developed Second Truck Model (Swaraj Mazda Super) launched.
Transmission components indigenized.
Commencement of Truck supplies to MOD. 500 vehicles supplied to Defence.
Third Truck Model (Swaraj Mazda Premium) launched.
Declared a Sick Company under SICA (due to Rupee devaluation of 1991–93).
BIFR approves Rehabilitation Scheme.
4-Wheel Drive Truck developed.
Company ceases to be a Sick Industrial Company on the basis of positive net worth 4 years ahead of BIFR Scheme projections.
Completely wiped off of accumulated losses.
Bharat Stage-I Emission Norms complied.
Maiden Dividend declared at 10%.Technical Assistance Agreement with Mazda extended up to October 2004.
Cumulative sales crossed 50,000 vehicles. 4 Wheel Drive Ambulance launched in March. Economy Truck 'SARTAJ' launched in August. CNG Bus for NCR Delhi launched in October.Bharat Stage-II Emission Norms complied.
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