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Automotive Product Finder Magazine | Maruti Suzuki and Toyota Tsusho to jointly set up vehicle recycling unit
Maruti Suzuki and Toyota Tsusho to jointly set up vehicle recycling unit
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Maruti Suzuki and Toyota Tsusho Group have formed a vehicle dismantling and recycling joint venture, Maruti Suzuki Toyotsu India Pvt Ltd (MSTI). Headquartered in New Delhi, Maruti Suzuki Toyotsu India 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 (ELVs). The process will include complete solid and liquid waste management as per the Indian laws and globally approved quality and environment standards.
The facility in Noida will be the first unit by MSTI and the JV will add more such units across India.
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. Kenichi Ayukawa, MD & CEO, Maruti Suzuki India, said, “Maruti Suzuki strongly believes in responsible recycling of vehicles after end of its useful life. Through this joint venture, MSTI, we aim to promote recycling and support in resource optimisation 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.”
Naoji Saito, CEO-Metal Division, Toyota Tsusho Corporation said, “Toyota Tsusho has 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.”
Maruti Suzuki And Toyota Tsusho
Vehicle Recycling Unit
Maruti Suzuki Toyotsu India
Toyota Tsusho Corporation
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