Mahindra Intertrade, MSTC to set up auto shredding facility

Mahindra Intertrade, part of the Mahindra Group, today partnered with state-run MSTC to set up an automobile shredding facility.
A memorandum of understanding (MoU) was signed between the company and MSTC, Mahindra Intertrade said in a statement.
The proposed facility will be equipped with state-of-the-art, fully automated end-of-life vehicle recycling equipment and will be India's first such facility, it added.
MSTC Chairman and Managing Director S K Tripathi said: "MSTC is always looking at innovative ways to recycle scrap and protect the environment and this facility will help to participate in the emission targets which India has promised to fulfil via the COP 21 Emission Treaty."

Mahindra Intertrade Managing Director Sumit Issar said recycling not only saves energy costs but also minimises the need for other resources as every tonne of new steel manufactured from scrap steel saves a substantial amount of iron ore, coal and limestone.
"If India focuses on scrapping old automobiles, it can recover significant amounts of steel scrap, aluminium scrap, plastic and rubber. Hence, there is a pressing need for facilities such as this one," he said.

Given the new stricter norms related to road worthiness of automobiles, a huge number of vehicles are expected to come under the end-of-life category in India, the company said in a statement.

This initiative will not only revolutionise the way automotive scrap is generated and procured in India, but will also help reduce dependence on imports, providing steel mills with a one-stop solution for all their metal scrap related needs, it added.
"While the number of cars has increased substantially over the last two decades, there is no recycling or scrapping provision in place to deal with old and discarded vehicles," Mahindra Partners Managing Partner Zhooben Bhiwandiwala said.
Recycling, if done correctly, is not only environment friendly but will also help keep older vehicles off the streets, he added.