| |
1983 |
|
SWARAJ Vehicles Ltd.
(SVL) incorporated (in July) |
| |
1984 |
|
Joint venture and technical
assistance concluded between Punjab
Tractors Limited. Mazda Motor Corporation
& Sumitomo Corporation Japan |
| |
1985 |
|
Project setup 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 |
Trial production and test marketing
of SWARAJ Mazda Truck WT- 48, WT - 49
and WT - 50 LCV's commenced.
Development of vendor base as per PMP
approved by Govt. of India undertaken.
|
| |
1986 |
|
Commercial operations
started |
| |
1987 |
|
Introduction
of indigenously developed bus. |
| |
1989 |
|
In-house tooling for local
production of chasis long member |
| |
1990 |
|
In-house developed
Second truck Model (SWARAJ MAZDA Super)
launched. |
| |
1991 |
|
Transmission components
indigenized. |
| |
1992 |
|
Commencement of trucks
supplies to Ministry of Defence(MOD).
|
500 vehicles supplied to Defence. |
| |
1993 |
|
Third truck Model (SWARAJ
MAZDA Premium) launched. |
| |
1994 |
|
Declared a Sick company
under SICA (due to Rupee devaluation
of 1991-93) |
| |
1995 |
|
BIFR approves Rehabilitation
Scheme |
| |
1996 |
|
4-Wheel drive truck
developed |
| |
1997 |
|
Company ceases to be
a Sick Industrial Company on the basis
of positive net worth - 4 years ahead
of BIFR Scheme projections |
| |
1998 |
|
Complete wipe-off of
accumulated losses. |
| |
1999 |
|
Bharat Stage - 1 Emission
Norms complied |
| |
2000 |
|
Maiden Dividend declared
@10%.
Technical Assistance agreement with
Mazda extended upto October 2004. |
| |
2001 |
|
Cummulative sales crosses
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 compiled. |
| |
2002 |
|
Profit Before Tax for
FY - 2002 crosses Rs 100 million mark.
Dividend raised to 25%. |
| |
2003 |
|
Cumulative vehicle
sales reached 68,000.
Profit before tax for FY - 2003 grows
115% to Rs 225 million.
Dividend enhanced to 45%. |
| |
|
|
|
