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Surfindia » Automobile » Companies » Swaraj Mazda Ltd.

Swaraj Mazda Ltd.


Swaraj Mazda Ltd Swaraj Mazda is a joint venture of Swaraj Enterprise and Mazda of . Swaraj symbolises best Indian technology and engineering, and Mazda has R&D and innovation edge on global scale. The company produces vehicles for goods and passenger applications, such as Bus, Ambulance, Water Tanks, Trucks, etc.

Quick Facts
Year of Establishment 1983 as SWARAJ Vehicles Ltd. (SVL)
Business Group Swaraj Enterprise
Listings & its codes NSE: SWARAJMAZD; BSE: 505192
Registered Office + Works Village Asron
Distt. Nawanshahar-141 001
Punjab
Corporate Office S.C.O. 204-205
Sector 34-A
Chandigarh- 160022
Tel.: +(91)-(172)-2647700 to 10
Fax: +(91)-(172)-2615111
Website www.swarajenterprise.com
Shareholding Pattern of Swaraj Mazda
Equity Shareholding Pattern as on 31st March, 2006
2005-2006 2004-2005
    % of Shareholding
1) Punjab Tractors Ltd. (PTL) 14.04
2) Sumitomo Corporation, Japan 41.03
3) Mutual Funds/Nationalised Banks 7.97
4) FIIs 9.31
5) Public 27.65

Products
  • Bus
  • School Bus
  • CNG Bus
  • Ambulance
  • Water Tanks
  • Trucks

Milestones
1983
  • SWARAJ Vehicles Ltd. (SVL) was incorporated in July.
  • 1984
  • Joint venture (JV) and technical assistance concluded between Punjab Tractors Limited and Mazda Motor Corporation & Sumitomo Corporation of Japan.
  • 1985
  • Setup of project with the capacity of 5,000 LCV's at a capital outlay of Rs 200 million. Equity of Rs. 105 million was subscribed by:
    • PUNJAB TRACTORS LTD. - 29.0% - 30.4 million
    • MAZDA MOTOR CORPN. JAPAN - 15.6% - 16.4 million
    • SUMITOMO CORPN. JAPAN - 10.4% - 10.9 million
    • PUBLIC - 45.0% - 47.3 million
  • The trial production and test marketing of SWARAJ Mazda Truck WT- 48, WT - 49 and WT - 50 LCV's was commenced.
  • 1986
  • Commercial operations started.
  • 1987
  • Introduced indigenously developed bus.
  • 1990
  • In-house developed the Second truck Model (SWARAJ MAZDA Super) and it was launched.
  • 1991
  • Transmission components indigenized.
  • 1992
  • Trucks supplies to Ministry of Defence (MOD) commenced. 500 vehicles supplied to Defence.
  • 1993
  • The Third truck Model (SWARAJ MAZDA Premium) was launched.
  • 1994
  • Declared a Sick company under SICA (because of the devaluation of Rupee in 1991-93)
  • 1995
  • BIFR approves Rehabilitation Scheme.
  • 1996
  • Four-Wheel drive truck was developed.
  • 1998
  • Complete wipe-off of accumulated losses.
  • 1999
  • Bharat Stage - 1 Emission Norms complied.
  • 2000
  • Maiden Dividend declared @10%.The Technical Assistance agreement extended with Mazda upto October 2004.
  • 2001
  • Cummulative sales crosses 50,000 vehicles. Four-Wheel Drive ambulance was launched in March. Economy Truck "SARTAJ" was launched in August. CNG Bus for NCR Delhi launched in October. Bharat Stage - II Emission Norms compiled.
  • 2002
  • Profit Before Tax (PBT) for FY - 2002 crossed Rs 100 million mark. Dividend raised to 25%.
  • 2003
  • Cumulative vehicle sales reached 68,000. Profit before tax (PBT) for FY - 2003 grows 115% to Rs 225 million. Dividend enhanced to 45%.

  • Company Flashback
    Started as Swaraj Vahicles Ltd. (SVL), the company Swaraj Mazda Ltd. was promoted in 1984 in technical and financial collaboration with Mazda Motor Corporation and Sumitomo Corporation, Japan for manufacture of Light Commercial Vehicles (LCVs). It represents two powerful brands, Swaraj, which symbolizes best Indian technology and engineering, and Mazda, symbolizing R&D and innovation edge on global scale.

    Currently Swaraj Majda manufactures vehicles for goods and passenger applications. Over the years the company has built up a wide product portfolio that has covered regular as well as niche segment needs. Swaraj Mazda Vehicle population today stands more than 70,000.


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