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Maruti Suzuki & Toyota Tsusho to set up Vehicle Recycling Plant in Noida

Auto News - Published on Thu, 07 Nov 2019

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Maruti Suzuki and Toyota Tsusho Group announced setting up one-of-its-kind vehicle dismantling and recycling joint venture, Maruti Suzuki Toyotsu India Private Limited. The joint venture is between Maruti Suzuki India Limited, Toyota Tsusho Group’s Toyota Tsusho India Private Limited with each owning a 50% equity. Headquartered in New Delhi, Maruti Suzuki Toyotsu India Private Limited is established to set up its vehicle dismantling and recycling unit in Noida, Uttar Pradesh within 2020-21. MSTI will be responsible to procure and dismantle End-of-Life Vehicles. The process will include complete solid and liquid waste management as per the Indian laws and globally approved quality and environment standards. The 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.

The facility in Noida will be the first unit by MSTI and the JV will add more such units across India.

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Posted By : Arun Huidrom on Thu, 07 Nov 2019
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