Swaraj Mazda
Encyclopedia
Established in 1983, Swaraj Mazda Limited, an Chandigarh
, India
based automobile company, is owned by the Sumitomo Corporation
of Japan and Punjab Tractors Limited of India, with a technical collaboration with Isuzu
and Mazda
of Japan
. Sumitomo upped its stake in the company in 2009 by purchasing all of Punjab Tractors remaining shares, raising their stake to 53.5% Production began in 1985.
The company manufactures light commercial vehicles like trucks, buses, ambulance
s, police personnel carriers, water tankers and special vehicles.
It exports its products to countries like Nepal
, Zambia
, Bangladesh
, Kenya
, Tanzania
, Ghana
, Ivory Coast, Rwanda
, Seychelles
, Syria
and Jordan
.
The company's annual turnover for the year 1997 - 1998 exceeded Rs.
151 crores. It has a dealer network of about 128 dealers spread throughout India
. Swaraj Engines and Punjab Scooters are its associate companies.
In June 2006, Swaraj Mazda entered a new Technical agreement with Isuzu Motors, Japan.
In 2009, Swaraj Mazda started to roll out Luxury buses and medium-duty trucks powered by Isuzu Engines from a new plant in Punjab. Plans are to build multi-axle trucks, tractor units and refrigerated trucks within the next three years. They are currently marketed under the Swaraj Mazda Isuzu brand.
In addition, Swaraj Mazda is moving to offer the Isuzu D-Max
pickup.
Former associate company Punjab Tractors manufactured agricultural tractors and combine harvesters under the Swaraj brand name before selling 64.6% to Mahindra Tractors
. In 2009, Mahindra and Swaraj Mazda settled a dispute over the use of the Swaraj name, allowing Swaraj Mazda to continue using the name for only two more years.
Swaraj Mazda Limited has informed the Exchange that at the Board Meeting of the Company held on October 01, 2010, the Board of Directors have decided to change the name of the Company from Swaraj Mazda Limited to SML ISUZU Limited.
Chandigarh
Chandigarh is a union territory of India that serves as the capital of two states, Haryana and Punjab. The name Chandigarh translates as "The Fort of Chandi". The name is from an ancient temple called Chandi Mandir, devoted to the Hindu goddess Chandi, in the city...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
based automobile company, is owned by the Sumitomo Corporation
Sumitomo Group
is one of the largest keiretsu, founded by Masatomo Sumitomo.-History:The Sumitomo group traces its roots to a bookshop in Kyoto founded circa 1615 by a former buddhist priest,...
of Japan and Punjab Tractors Limited of India, with a technical collaboration with Isuzu
Isuzu
, is a Japanese car, commercial vehicle and heavy truck manufacturing company, headquartered in Tokyo. In 2005, Isuzu became the world's largest manufacturer of medium to heavy duty trucks. It has assembly and manufacturing plants in the Japanese city of Fujisawa, as well as in the prefectures...
and Mazda
Mazda
is a Japanese automotive manufacturer based in Fuchū, Aki District, Hiroshima Prefecture, Japan.In 2007, Mazda produced almost 1.3 million vehicles for global sales...
of Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
. Sumitomo upped its stake in the company in 2009 by purchasing all of Punjab Tractors remaining shares, raising their stake to 53.5% Production began in 1985.
The company manufactures light commercial vehicles like trucks, buses, ambulance
Ambulance
An ambulance is a vehicle for transportation of sick or injured people to, from or between places of treatment for an illness or injury, and in some instances will also provide out of hospital medical care to the patient...
s, police personnel carriers, water tankers and special vehicles.
It exports its products to countries like Nepal
Nepal
Nepal , officially the Federal Democratic Republic of Nepal, is a landlocked sovereign state located in South Asia. It is located in the Himalayas and bordered to the north by the People's Republic of China, and to the south, east, and west by the Republic of India...
, Zambia
Zambia
Zambia , officially the Republic of Zambia, is a landlocked country in Southern Africa. The neighbouring countries are the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west....
, Bangladesh
Bangladesh
Bangladesh , officially the People's Republic of Bangladesh is a sovereign state located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south...
, Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
, Tanzania
Tanzania
The United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
, Ghana
Ghana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...
, Ivory Coast, Rwanda
Rwanda
Rwanda or , officially the Republic of Rwanda , is a country in central and eastern Africa with a population of approximately 11.4 million . Rwanda is located a few degrees south of the Equator, and is bordered by Uganda, Tanzania, Burundi and the Democratic Republic of the Congo...
, Seychelles
Seychelles
Seychelles , officially the Republic of Seychelles , is an island country spanning an archipelago of 115 islands in the Indian Ocean, some east of mainland Africa, northeast of the island of Madagascar....
, Syria
Syria
Syria , officially the Syrian Arab Republic , is a country in Western Asia, bordering Lebanon and the Mediterranean Sea to the West, Turkey to the north, Iraq to the east, Jordan to the south, and Israel to the southwest....
and Jordan
Jordan
Jordan , officially the Hashemite Kingdom of Jordan , Al-Mamlaka al-Urduniyya al-Hashemiyya) is a kingdom on the East Bank of the River Jordan. The country borders Saudi Arabia to the east and south-east, Iraq to the north-east, Syria to the north and the West Bank and Israel to the west, sharing...
.
The company's annual turnover for the year 1997 - 1998 exceeded Rs.
Indian rupee
The Indian rupee is the official currency of the Republic of India. The issuance of the currency is controlled by the Reserve Bank of India....
151 crores. It has a dealer network of about 128 dealers spread throughout India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. Swaraj Engines and Punjab Scooters are its associate companies.
In June 2006, Swaraj Mazda entered a new Technical agreement with Isuzu Motors, Japan.
In 2009, Swaraj Mazda started to roll out Luxury buses and medium-duty trucks powered by Isuzu Engines from a new plant in Punjab. Plans are to build multi-axle trucks, tractor units and refrigerated trucks within the next three years. They are currently marketed under the Swaraj Mazda Isuzu brand.
In addition, Swaraj Mazda is moving to offer the Isuzu D-Max
Isuzu D-Max
Isuzu D-Max is a pickup truck made by Isuzu. It shares the same platform with several General Motors mid-size trucks in the United States. These being the Chevrolet Colorado, GMC Canyon and Isuzu i-Series. The Chevrolet Colorado name is also applied to a rebadged version of the D-Max in the Middle...
pickup.
Former associate company Punjab Tractors manufactured agricultural tractors and combine harvesters under the Swaraj brand name before selling 64.6% to Mahindra Tractors
Mahindra Tractors
Mahindra Tractors, the farm equipment division of Mahindra & Mahindra, builds and sources tractors that are sold worldwide across six continents. Mahindra is also among the top three tractor manufacturers in the world. Mahindra has a huge consumer base in India, China and America and a growing base...
. In 2009, Mahindra and Swaraj Mazda settled a dispute over the use of the Swaraj name, allowing Swaraj Mazda to continue using the name for only two more years.
Swaraj Mazda Limited has informed the Exchange that at the Board Meeting of the Company held on October 01, 2010, the Board of Directors have decided to change the name of the Company from Swaraj Mazda Limited to SML ISUZU Limited.