Maruti Suzuki-Toyota Tsusho will establish vehicle dismantling and recycling station
NEW DELHI: Maruti Suzuki & Toyota Tsusho Group on Wednesday announced setting up a vehicle dismantling & recycling joint venture, Maruti Suzuki Toyotsu India Private Limited (MSTI).
The joint venture is between Maruti Suzuki India Limited (MSIL) & Toyota Tsusho Group ( Toyota Tsusho Corporation (TTC)- Toyota Tsusho India Private Limited (TTIPL)) with each owning a 50% equity.
Headquartered in New Delhi, Maruti Suzuki -Toyotsu India Private Limited (MSTI) is established to set up its vehicle dismantling & recycling unit in Noida, Uttar Pradesh within 2020-21.
MSTI will be responsible to procure & dismantle End-of-Life Vehicles (ELVs). The process will include complete solid & liquid waste management as per the Indian laws & globally approved quality & environment standards.
The facility in Noida will be the first unit by MSTI & the JV will add more such units across India.
La unidad tendrá una capacidad inicial para desmantelar alrededor de 2,000 vehículos por mes. MSTI obtendrá vehículos de distribuidores & también directamente de clientes.
Kenichi Ayukawa, MD & CEO, Maruti Suzuki India Limited, 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 & support in resource optimization & conservation while using environment friendly systems & processes. Scrapping of older vehicles in a scientific & environment friendly manner will help to reduce pollution & also make the roads safer. A team of experts at MSTI will dismantle the vehicles using international technology & 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 & experience for ELV business. The first vehicle dismantling & recycling unit of MSTI is just the initial step & we are eager to expand to pan-India base with Maruti Suzuki .”