| 1970| | Punjab Govt. through PSIDC acquires SWARAJ tractor's design from CMERI and establishesPunjab Tractors Ltd. (PTL) for its commercialization.| | 1971-73| | PTL sets up SWARAJ Project for 5,000 tractors per annum at a capital outlay of Rs. 37.0 million with an equity base of Rs 11.0 million.| | 1974| | Swaraj 724 (26.5 HP) tractor commercially introduced.| | 1975| | 2nd tractor model SWARAJ 735(39 HP) developed by own R&D, commercially introduced.| | 1978| | 3rd Tractor model SWARAJ 720 (19.5 HP) developed by own R&D, commercially introduced. | |
Maiden equity divided declared.|
| 1980| | Guided by social concerns and responsibility, PTL takes over PSIDC's sick scooters unit -Punjab Scooters Ltd. (subsequently renamed as SWARAJ Automotives Ltd.)| |
India's first Self propelled Harvester Combine - SWARAJ 8100 developed by own R&D, commercially introduced.| |
SWARAJ Foundry Division set up in Backward area.|
| 1981| | Issue of maiden Bonus Shares (2:5), paid-up equity moves to Rs 15.4 million. | | 1983| | 4th Tractor Model - SWARAJ 855 (55 HP) developed by own R&D, commercially introduced.| |
Expansion of annual capacity to 12,000 tractors per annum at Plant 1.|
| 1984| | SWARAJ MAZDA Ltd. promoted in technical and financial collaboration with Mazda Motor Corpn. & Sumitomo Corpn. Japan for manufacture of Light Commercial Vehicles. PTL's equity participation is Rs. 30.4 million (29%) and that of Mazda and Sumitomo's Rs. 27.0 million (26%).| | 1985| | SWARAJ Industrial Forklift Trucks developed by own R&D, commercially introduced.| | 1986| | SWARAJ ENGINES Ltd. promoted in technical and financial collaboration with Kirloskar Oil Engines Ltd.(KOEL) for manufacture of diesel engines. PTL's equity participation is Rs. 6.9 million (33%) and that of KOEL's Rs 3.6 million (17%). | | 1989| | 1st Right Issue (1:1) at...