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Maruti Suzuki-Toyota joint venture to recycle cars

The venture will set up its vehicle dismantling and recycling unit in Noida in 2020-21 and will add more units. Maruti Suzuki Toyotsu will procure and dismantle end-of-life vehicles (ELVs).

ET Bureau|
Nov 07, 2019, 07.43 AM IST
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Agencies
msil-toyota
"The process will include complete solid and liquid waste management as per Indian laws and globally approved quality and environment standards."
NEW DELHI: Maruti Suzuki and Toyota Tsusho Group on Wednesday announced an equal joint venture, Maruti Suzuki Toyotsu India (MSTI), for vehicle dismantling and recycling. The venture will set up its vehicle dismantling and recycling unit in Noida in 2020-21 and will add more units. Maruti Suzuki Toyotsu will procure and dismantle end-of-life vehicles (ELVs).

The process will include complete solid and liquid waste management as per Indian laws and globally approved quality and environment standards, the companies said in a statement. “Through this joint venture, MSTI, we aim to promote recycling and support in resource optimisation and conservation while using environment friendly systems and processes,” said Kenichi Ayukawa, chief executive, MSIL.

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

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