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water tankers and special vehicles parent sumitomo corporation divisions sml isuzu parts division website www.smlisuzu.com sml isuzu limited was formed in 2010 from the swaraj mazda company after mazda pulled out of the venture and the swaraj name was sold to mahindra when the tractor division punjab tractors was sold off . the sumitomo corporation and isuzu are now partners in this company and together have produced several licensed isuzu products . contents 1 history 1.1 1984 1.2 1985 1.3 1986 1.4 1987 1.5 1989 1.6 1990 1.7 1991 1.8 1992 1.9 1993 1.10 1994 1.11 1995 1.12 1996 1.13 1997 1.14 1998 1.15 1999 1.16 2000 1.17 2001 1.18 2002 1.19 2003 1.20 2004 1.21 2005 1.22 2006 1.23 2007 1.24 2008 1.25 2009 1.26 2010 1.27 2011 1.28 2012 2 vehicles 2.1 trucks 2.1.1 sml 2.1.2 isuzu 2.2 buses 3 references 4 external links 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 complaint 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 cosmo sartaj hg72 shd smdc aod prestige supreme super 14 17.5 21 samrat samrat hd19 super 12 isuzu edit is12te buses edit sml cosmo ac cab executive bus std . school bus s7 school bus semi low floor bus std staff bus s7 staff bus bus chassis isuzu nqr fr1318 lt134 is12te chassis nqr bus chassis lt134 bus chassis references edit www.smlisuzu.com external links edit official sml isuzu limited website 2012 archived retrieved from https en.wikipedia.org w index.php title sml isuzu & oldid 741374876 categories motor vehicle manufacturers of indiatruck manufacturersambulancesbus manufacturersindian companies established in 2011vehicle manufacturing companies established in 2011joint venturesisuzumazdahidden categories articles lacking in text citations from april 2014all articles lacking in text citationsarticles needing cleanup from april 2014all pages needing cleanuparticles with sections that need to be turned into prose from april 2014articles needing additional 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