Maruti Suzuki India and Toyota Tsusho Group announced the establishment of a new entity for the dismantling and recycling of vehicles. The new joint venture, Maruti Suzuki Toyotsu India Private Limited (MSTI), which will create the new unit, will be owned by the two 50-50 percent equity firms.
The new dismantling and recycling unit, headquartered in New Delhi, will be established in Noida, Uttar Pradesh between the financial year 2020-21. End-of-life vehicles (ELVs) will be procured and dismantled by the company and the process will include complete solid and liquid waste management as per Indian laws and globally authorized quality and environmental standards.
Announcing the initiative Kenichi Ayukawa, Managing Director & CEO, Maruti Suzuki India Limited, said, “Maruti Suzuki strongly believes in responsible recycling of vehicles after the end of its useful life. Through this Joint Venture, MSTI, we aim to promote recycling and support in resource optimization and conservation while using environment-friendly systems and processes. The 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 the 1970s 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 the pan-India base with Maruti Suzuki.”
Maruti Suzuki Toyotsu India Private Limited has announced that the Noida facility will be the first of many future units throughout India. The system will have an initial capacity to uninstall about 2,000 vehicles each month, and MSTI will supply both dealers ‘ and customers ‘ vehicles directly.