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New Launch
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Promoted 1986 in technical and financial collaboration
with Kirloskar Oil Engines Ltd. (KOEL) for manufacture
of Diesel Engines. A rare example of supplier/customer
joint venture. Declaring maiden dividend in the very first
full year of operations has been exceptional performance.
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Formerly Punjab Scooters Limited, a sick unit in backward area, was revived by PTL in 1980 with full management control. SAL discarded unviable scooter line and diversified into manufacturing Seats, Seating systems and Auto Components. |
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Promoted 1984 in technical and financial collaboration with Mazda Motor Corporation and Sumitomo Corporation, Japan for manufacture of (Light Commercial Vehicles) LCVs. |
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