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Maruti Suzuki, Toyota to set up vehicle dismantling, recycling unit

Maruti will set up its vehicle dismantling and recycling unit in Noida, Uttar Pradesh within 2020-21 and will add more such units across India

Topics
Maruti Suzuki | Toyota

Press Trust of India  |  New Delhi 

Representative image
Representative image

and Tsusho Group on Wednesday announced a joint venture for vehicle dismantling and recycling.

In the joint venture -- Toyotsu India Pvt Ltd (MSTI) -- India (MSI) will have 50 per cent share, while Tsusho Group -- Tsusho Corporation and Toyota Tsusho India Pvt Ltd -- will hold the remaining stake.

MSTI will set up its vehicle dismantling and recycling unit in Noida, Uttar Pradesh within 2020-21 and will add more such units across India, the said in a statement.

It will be responsible to procure and dismantle end-of-life vehicles (ELVs). The process will include complete solid and liquid waste management as per the Indian laws and globally approved quality and environment standards, they added.

The Noida unit will have an initial capacity to dismantle around 2,000 vehicles per month. MSTI will source vehicles from dealers as well as directly from customers.

Commenting on the development, MSI Managing Director & CEO Kenichi Ayukawa said, "Through this Joint Venture, MSTI, we aim to promote recycling and support in resource optimization and conservation while using environment friendly systems and processes".

Scrapping of older vehicles in a scientific and environment friendly manner will help to reduce pollution and also make the roads safer. A team of experts at MSTI will dismantle the vehicles using international technology and global standards, he added.

Toyota Tsusho Corporation CEO (Metal Division) Naoji Saito said TTC had started ELV recycling since 1970's in Japan.

"We believe that we will be able to contribute to Indian society through our knowledge and experience for ELV business. The first vehicle dismantling and recycling unit of MSTI is just the initial step and we are eager to expand to pan-India base with Maruti Suzuki," he added.

Suzuki and Toyota had earlier strengthened their alliance with the partners picking up stake in each other while also agreeing to share production facility, vehicles and technologies for selling vehicles, both in India and other global markets.

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First Published: Wed, November 06 2019. 13:20 IST
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