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Measuring Swaraj Engines Limited's (NSE:SWARAJENG) track record of past performance is a valuable exercise for...
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Swaraj division [2] is a tractor and farm equipment making company which is owned by Mahindra & Mahindra Ltd. Formerly known as Punjab Tractors Limited, the company was taken over by Mahindra Group in 2007 and subsequently in 2009, the name was changed to swaraj division.
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. [3]
Mahindra Tractors at a Showroom in 2012 near Chengalpattu in Tamil Nadu Mahindra 575 Di at sunset over a sugar cane field, Tamil Nadu, India. Mahindra Tractors is number one in sales in India - the largest tractor market in the world [11] - and it has been the market leader since 1983.
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In 1970, the Government of Punjab acquired the Swaraj tractor's design and established Punjab Tractors Limited (PTL). The tractors were produced and sold under the brand name of Swaraj. In 2007, Mahindra & Mahindra Ltd. acquired majority stake in PTL, and in Feb 2009, it was merged into M&M as the Swaraj Division of Mahindra & Mahindra.