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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]
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A prominent example of a special dividend was the $3 dividend announced by Microsoft in 2004, to partially relieve its balance sheet of a large cash balance. [1] A more recent example of a special dividend is the $1 dividend announced by SAIC (U.S. company) in 2013, just prior to it splitting off its solutions business into a new company named ...
1982: Swaraj Harvester Combine rolls out. 1983: Introduction of Swaraj 855: PTL's HP-range became broader than that of all competitors combined. 1984: Incorporation of Swaraj Mazda Limited. 1985: LCV's roll-out from Swaraj Mazda Ltd. 1985: Padma Shri Award to Mr. Chandra Mohan; 1986: Incorporation of Swaraj Engines Ltd (SEL).
It has grown its dividend at a 10% compound annual rate over the past 20 years, which has helped power magnificent total returns of over 15% annually, compared with about 10% for the S&P 500.