Swaraj Mazda to manufacture medium, heavy commercial vehicles
By Our Corporate Bureau | 04 Jul 2005
New Delhi: Light commercial vehicles manufacturer Swaraj Mazda Ltd (SML) is all set to enter into the medium and heavy commercial vehicles (M&HCV) segment. The company at present manufactures vehicles in the five- to nine-tonne category.
Having signed a technical assistance agreement with Japanese automobile major Isuzu, SML is learnt to be finalising a range of products for the domestic market. The company has already commenced testing of a new product, a 16-tonne single-axle vehicle. According to sources, the company is keen to develop offerings for both the carrier and passenger segment.
Products in the passenger segment could include premium buses similar to the ones Volvo is selling in the domestic market. SML will also set up an in-house facility for making bus bodies. Further, the company aims to have a target for localisation at the level of 85 per cent for the new products in the next four to five years.
SML's facility in Punjab is also undergoing expansion, as part of an investment plan announced earlier. Last year, the company had planned to increase capacity by investing about Rs160 crore over the next three to four years. The investment would increase the company''s production capacity to 36,000 vehicles from 10,000 units per year.
According to market analysts, the new launches would enable SML to cater to diverse segments of the market and increase its overall market share in commercial vehicles.
Latest articles
Featured articles
The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation