Under Toyota and Maruti Suzuki’s joint venture, the vehicle dismantling & recycling plant will be established in Noida sometime within 2020-2021.
Maruti Suzuki India and Toyota Tsuho on Wednesday has announced a joint venture for the vehicle recycling and dismantling. Under the new venture called as Maruti Suzuki Toyotsu India, Maruti Suzuki India will hold 50% share while Toyota Tsuho Group companies will have the remaining stake. The facility for dismantling and recycling vehicles will be set up in Noida sometime in 2020-2021, followed up by other plants to be built across India.
The new plant will utilise a scientific and environment-friendly process to dismantl and recycle old vehicles.
The new facility would be used to procure as well as dismantle the end-of-life vehicles as per the companies in a statement. They also added that the process would comprise of complete liquid and solid waste management in accordance with the country’s laws as well as the global quality, environmental standards. Having said, the Noida facility will have a capacity of dismantling 2,000 vehicles each month at the initial stage. Vehicles will be sourced from dealers or customers directly.
“Through this Joint Venture, MSTI, we aim to promote recycling and support in resource optimization and conversation while using environment friendly systems and processes.” Said Kenichi Ayukawa, MSI Managing Director and CEO.
He believes that scraping older vehicles in a scientific and environmentally-friendly method will help much to make roads safer and reduce the pollution level.
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Earlier, Suzuki and Toyota had strengthened their allies by sharing vehicles, production facility and technologies for producing and selling vehicles not only within the Indian borders but also in other markets. Recently, we had the Baleno-based Toyota Glanza as part of Toyota – Suzuki co-operation.