SML Isuzu Limited (SMLI) is a commercial vehicle manufacturer established in 1983. SMLI produces and sells

buses A bus (contracted from omnibus, with variants multibus, motorbus, autobus, etc.) is a road vehicle that carries significantly more passengers than an average car or van. It is most commonly used in public transport, but is also in use for cha ...

, ambulances and customized vehicles.

Sumitomo Corporation is one of the largest worldwide ''sogo shosha'' general trading companies, and is a diversified corporation. The company was incorporated in 1919 and is a member company of the Sumitomo Group. It is listed on three Japanese stock exchanges ( ...

and Isuzu Motors hold a 44% and 15% stake of the company respectively. The company manufactures light commercial vehicles like trucks, buses,

school buses A school bus is any type of bus owned, leased, contracted to, or operated by a school or school district. It is regularly used to transport students to and from school or school-related activities, but not including a charter bus or transit bus ...

ambulance An ambulance is a medically equipped vehicle which transports patients to treatment facilities, such as hospitals. Typically, out-of-hospital medical care is provided to the patient during the transport. Ambulances are used to respond to medi ...

s, police personnel carriers, water tankers and special vehicles. It exports its products to countries like

Nepal Nepal (; ne, नेपाल ), formerly the Federal Democratic Republic of Nepal ( ne, सङ्घीय लोकतान्त्रिक गणतन्त्र नेपाल ), is a landlocked country in South Asia. It is mai ...

Zambia Zambia (), officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa, although it is typically referred to as being in Southern Africa at its most cent ...

Bangladesh Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...

Kenya ) , national_anthem = "Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi , ...

Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands and ...

Ghana Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and To ...

Ivory Coast Ivory Coast, also known as Côte d'Ivoire, officially the Republic of Côte d'Ivoire, is a country on the southern coast of West Africa. Its capital is Yamoussoukro, in the centre of the country, while its largest city and economic centre is ...

Rwanda Rwanda (; rw, u Rwanda ), officially the Republic of Rwanda, is a landlocked country in the Great Rift Valley of Central Africa, where the African Great Lakes region and Southeast Africa converge. Located a few degrees south of the Equator ...

Seychelles Seychelles (, ; ), officially the Republic of Seychelles (french: link=no, République des Seychelles; Creole: ''La Repiblik Sesel''), is an archipelagic state consisting of 115 islands in the Indian Ocean. Its capital and largest city, V ...

Syria Syria ( ar, سُورِيَا or سُورِيَة, translit=Sūriyā), officially the Syrian Arab Republic ( ar, الجمهورية العربية السورية, al-Jumhūrīyah al-ʻArabīyah as-Sūrīyah), is a Western Asian country loc ...

Jordan Jordan ( ar, الأردن; tr. ' ), officially the Hashemite Kingdom of Jordan,; tr. ' is a country in Western Asia. It is situated at the crossroads of Asia, Africa, and Europe, within the Levant region, on the East Bank of the Jordan Rive ...

History

The company was incorporated in July 1983 with the name of Swaraj Vehicles Limited. Swaraj Mazda Limited, at

Chandigarh Chandigarh () is a planned city in India. Chandigarh is bordered by the state of Punjab to the west and the south, and by the state of Haryana to the east. It constitutes the bulk of the Chandigarh Capital Region or Greater Chandigarh, which al ...

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

based automobile company, was owned by the

of Japan and Punjab Tractors Limited of India, with a technical collaboration with Isuzu and

Mazda , commonly referred to as simply Mazda, is a Japanese multinational automotive manufacturer headquartered in Fuchū, Hiroshima, Japan. In 2015, Mazda produced 1.5 million vehicles for global sales, the majority of which (nearly one m ...

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...

1984

Joint venture and technical assistance agreement concluded between Punjab Tractor Ltd.,

Mazda Motor Corporation , commonly referred to as simply Mazda, is a Japanese Multinational corporation, multinational Automotive industry, automotive manufacturer headquartered in Fuchū, Hiroshima (town), Fuchū, Hiroshima Prefecture, Hiroshima, Japan. In 2015, M ...

and

. SVL renamed Swaraj Mazda Ltd.

1985

Project set up with a capacity of 5000

light commercial vehicles A light commercial vehicle (LCV) in the European Union, Australia and New Zealand is a commercial carrier vehicle with a gross vehicle weight of no more than 3.5 metric tons (tonnes). The LCV designation is also occasionally used in both Cana ...

(LCVs) at capital outlay of Rs. 200 million. Equity of Rs. 105 million was subscribed by: Trial production and test marketing of

Swaraj Mazda SML Isuzu Limited (SMLI) is a commercial vehicle manufacturer established in 1983. SMLI produces and sells buses, ambulances and customized vehicles. Sumitomo Corporation and Isuzu Motors hold a 44% and 15% stake of the company respectively. ...

truck WT-48, WT-49, WT-50 LCV commence. The development of the vendor base undertaken as per approved by the government of

1986

After some trial production in 1985, series production began in 1986.

1987

Introduction of indigenously developed bus.

1989

In-house tooling for local production of chassis long member.

1990

In-house developed Second Truck Model (Swaraj Mazda Super) launched.

1991

Transmission components indigenized.

1992

Commencement of Truck supplies to MOD. 500 vehicles supplied to Defence.

1993

Third Truck Model (Swaraj Mazda Premium) launched.

1994

Declared a Sick Company under SICA (due to

Rupee Rupee is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Africa, B ...

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. The company's annual turnover for the year 1997 - 1998 exceeded

Rs. Rupee is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Africa, B ...

151

crores A crore (; abbreviated cr) denotes ten million (10,000,000 or 107 in scientific notation) and is equal to 100 lakh in the Indian numbering system. It is written as 1,00,00,000 with the local 2,2,3 style of digit group separators (one lakh is eq ...

. It has a dealer network of about 128 dealers spread throughout

. Swaraj Engines and Punjab Scooters are its associate companies.

1998

Completely wiped off of accumulated losses.

1999

Bharat Stage-I Emission Norms complied.

2000

Maiden Dividend declared at 10%.Technical Assistance Agreement with Mazda extended up to October 2004.

2001

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.

2002

Profit Before Tax for FY 2002 crosses Rs. 100 Million mark. Dividend raised to 25%.

2003

Profit Before Tax for FY-2003 grows 115% to Rs. 225 Million. Dividend enhanced to 45%.

2004

Profit Before Tax for FY-2004 grows 44% to Rs. 324 Million. Dividend enhanced to 70%.

2005

Cumulative sales crossed 86,000 vehicles. Bharat Stage-III emission norms complied (both diesel & CNG). Dividend enhanced to 75%. Punjab Tractors offloads 15% of equity stake in favor of Sumitomo Corporation, Japan in June. Mazda Motor Corporation offloads 15% of equity holding in favor of Sumitomo Corporation, Japan in August.

2006

Permission from Government for new manufacturing facilities at existing site obtained in January. Dividend rate lowered to 55% due profit and declined the Technical Assistance Agreement with Isuzu Motors signed in June. Aggregate vehicles sale crosses in August. Construction of Buildings for vehicle expansion and new Bus Body Plant taken up in August. In June 2006, Swaraj Mazda entered a new Technical agreement with Isuzu Motors, Japan.

2007

Dividend rate maintained at 55%.Trial Production of Isuzu Bus LT134 taken up in July.

2008

Dividend rate maintained at 55%. Highest-ever profit in the history of the company. Launch of Ultra Luxury Buses in July.

2009

Sumitomo upped its stake in the company in 2009 by purchasing all of Punjab Tractors' remaining shares, raising their stake to 53.5% 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. For an interim period, these vehicles were marketed under the Swaraj Mazda Isuzu brand. In addition, Swaraj Mazda is moving to offer the

Isuzu D-Max The Isuzu D-Max is a pickup truck manufactured since 2002 by Isuzu Motors. A successor of the Isuzu Faster/KB, the first and second-generation model shares its platform with the Chevrolet Colorado. The third-generation model shares its platfo ...

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 is an Indian agricultural machinery manufacturer. It is part of the Mahindra & Mahindra corporation. In 2010, Mahindra became the world's highest-selling tractor brand by volume. Mahindra's largest consumer base is in India. I ...

. 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.

2010

During the financial year 2009–10 the company had issued 3,984,946 equity share of Rs. 10 each at a premium of Rs. 190 per share on rights basis to the Equity shareholders of the company in the ratio of 11 equity shares for every 50

Equity shares Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States. They are known as equity shares or ordinary shares in the UK and other Comm ...

held on the record date and raised Rs. 796989,000 for financing of Expansion project, repayment of loan taken from Allahabad Bank (for Expansion Project) and for general corporate purposes. Swaraj Mazda Limited has informed the Exchange that at the Board Meeting of the Company held on 1 October 2010, the Board of Directors have decided to change the name of the company from Swaraj Mazda Limited to SML Isuzu Limited. As of 2011 they no longer use the "Swaraj" brand name.

2011

Swaraj Mazda renamed as SML ISUZU LIMITED.

2012

SML S7 Bus, Wheel Base −5100 mm, 50+1 Seater Launched. BS-IV Compliant Engine Successfully Tested. (But Buses is not success) ISUZU FR1318 Luxury Bus, Wheel Base – 5400 mm Launched. SML HG72 Truck GVW 7200 kg Truck Launched. SML HD19 Truck GVW 10250 kg Truck Launched.

Vehicles

Trucks

SML

# 5252 XM # Sartaj 59 XM #Sartaj HG72 #Prestige #Supreme #Super #Samrat #Samrat HD19 #Samrat 1312

Buses

SML #Ecomax AC Cab #Executive LX Bus #Executive Bus #Standard School Bus #S7 School Bus #Semi low Floor Bus #Standard Staff Bus #S7 Staff Bus #Bus Chassis Isuzu #NQR #FR1318 #LT134 #IS12TE Chassis #NQR Bus Chassis #LT134 Bus Chassis

References

External links

SML Isuzu website

Swaraj Mazda website
{{Automotive industry in India Truck manufacturers of India Ambulances Bus manufacturers of India Indian companies established in 2011 Vehicle manufacturing companies established in 2011 Joint ventures Isuzu Mazda 1983 establishments in Chandigarh Companies based in Chandigarh Indian companies established in 1983