04-06-2016, 04:05 PM
Established in 1983, Swaraj Mazda Limited, a Chandigarh, India based automobile company, is owned by the Sumitomo Corporation of Japan and Punjab Tractors Limited of India, with a technical collaboration with Isuzu and Mazda of Japan. Sumitomo upped its stake in the company in 2009 by purchasing all of Punjab Tractors' remaining shares, raising their stake to 53.5%. After some trial production in 1985, series production began in 1986.