 The plant was set up at Zahirabad near Hyderabad and this division was named as Hyderabad Allwyn Nissan Ltd with Nissan holding 15% of the equity.Hyderabad Allwyn entered the watch business in 1981 in collaboration with Seiko of Japan to manufacture mechanical and Quartz watches.Until then the central Government-run HMT had been the market leader for wrist watches in India.