SML Isuzu

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SML ISUZU LIMITED
Headquarters SCO 204-205, Sector 34-A, Chandigarh, INDIA
Key people
Eiichi Seto
Products Trucks, Buses, Ambulances, Police personnel carriers, Water Tankers and special vehicles
Parent Sumitomo Corporation
Website www.smlisuzu.com

SML Isuzu Limited (SMLI) is a commercial vehicle manufacturer since 1985. It has over 25 Years of experience in producing Light & Medium commercial vehicles to meet the Indian customer needs. SMLI is a first company to manufacture and supply state of the art fully built Buses, Ambulances and customized vehicles.

Sumitomo Corporation, Japan and Isuzu Motors, Japan respectively holds 44% and 15% shareholding in the Company.

History[edit]

The Company was incorporated in July 1983 in the name of Swaraj Vehicles Limited.

1984[edit]

Joint Venture and Technical Assistance concluded between Punjab Tractor Ltd., Mazda Motor Corporation and Sumitomo Corporation, Japan. SVL renamed Swaraj Mazda Ltd.

1985[edit]

Project set up with a capacity of 5000 [light commercial vehicles] (LCVs) at capital outlay of Rs. 200 million. Equity of Rs. 105 million was subscribed by:

Company Percentage in Equity Rs. in Crores
Punjab Tractors Ltd. 29.0% 3.04
Mazda Motor Corp. Japan 15.6% 1.64
Sumitomo Corp. Japan 10.4% 1.09
Public 45.0% 4.73

Trial production and test marketing of Swaraj Mazda truck WT-48, WT-49, WT-50 LCV commence. The development of the vendor base undertaken as per approved by the government of India.

1986[edit]

Commercial operations begin.

1987[edit]

Introduction of indigenously developed bus.

1989[edit]

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

1990[edit]

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

1991[edit]

Transmission components indigenized.

1992[edit]

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

1993[edit]

Third Truck Model (Swaraj Mazda Premium) launched.

1994[edit]

Declared a Sick Company under SICA (due to Rupee devaluation of 1991–93).

1995[edit]

BIFR approves Rehabilitation Scheme.

1996[edit]

4-Wheel Drive Truck developed.

1997[edit]

Company ceases to be a Sick Industrial Company on the basis of positive net worth 4 years ahead of BIFR Scheme projections.

1998[edit]

Completely wiped off of accumulated losses.

1999[edit]

Bharat Stage-I Emission Norms complied.

2000[edit]

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

2001[edit]

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[edit]

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

2003[edit]

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

2004[edit]

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

2005[edit]

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[edit]

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 100,000 in August. Construction of Buildings for vehicle expansion and new Bus Body Plant taken up in August.

2007[edit]

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

2008[edit]

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

2009[edit]

Sumitomo raised its stake in the Company to 53.5% by buying entire equity holding of Punjab Tractors Ltd. in the Company in January.

2010[edit]

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 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.

2011[edit]

Swaraj Mazda renamed as SML ISUZU LIMITED.

2012[edit]

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[edit]

Trucks[edit]

SML[edit]

  1. 5252 XM
  2. Sartaj 59 XM
  3. Sartaj HG72
  4. Prestige
  5. Supreme
  6. Super
  7. Samrat
  8. Samrat HD19
  9. Super 12

Buses[edit]

SML

  1. Ecomax AC Cab
  2. Executive LX Bus
  3. Executive Bus
  4. Standard School Bus
  5. S7 School Bus
  6. Semi low Floor Bus
  7. Standard Staff Bus
  8. S7 Staff Bus
  9. Bus Chassis

Isuzu

  1. NQR
  2. FR1318
  3. LT134
  4. IS12TE Chassis
  5. NQR Bus Chassis
  6. LT134 Bus Chassis

References[edit]

www.smlisuzu.com

External links[edit]