Support and Resistance Levels
Past performance
About SAL Automotive Ltd Swaraj Automotives Limited (SAL), originally established as Punjab Scooters Limited in 1974, is a prominent manufacturer in the automotive components sector, specializing in seats and agricultural implements. The company evolved from producing scooters to diversifying into automotive seating in 1986, with a technological partnership with Japan's Fuji Kiko in 1994. SAL's product portfolio includes tractor seats, LCV seats, seating mechanisms for vehicles, and agricultural implements like rotavators and trailers. It operates manufacturing plants in Nabha, Punjab, and Dharwad, Karnataka.
In 2016, b4S Solutions Private Ltd became the major stakeholder, acquiring a significant share from Mahindra & Mahindra Ltd and Punjab State Industrial Development Corporation. The promoter reduced its stake to comply with public shareholding norms, achieving a 75% holding by 2018. SAL expanded its production capacity in 2022-23, notably increasing rotavator output. The company has successfully navigated regulatory challenges, maintaining compliance with SEBI's public shareholding requirements.