Maruti Suzuki and Toyota Tsusho to setup vehicle dismantling and recycling unit

Maruti Suzuki and Toyota Tsusho Group have announced their plan to setup a vehicle dismantling and recycling joint venture, known as Maruti Suzuki Toyotsu India (MSTI). The joint venture is between Maruti Suzuki India (MSIL) and Toyota Tsusho Group, with each group owning a 50 per-cent equity. 

Headquartered in New Delhi, MSTI is established to set up its vehicle dismantling and recycling unit in Noida, Uttar Pradesh by 2020-21. The company will be responsible for procuring and dismantling of 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. 

Announcing the initiative Kenichi Ayukawa, Managing Director and 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 optimization 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.”