New Delhi
Maruti
Suzuki Toyotsu India Pvt Ltd (MSTI) - the vehicle dismantling and recycling
joint venture of Maruti Suzuki and Toyota Tsusho Group - may soon start
operations at Noida, Uttar Pradesh. The centre will initially start with
dismantling Maruti Suzuki India Limited (MSIL’s) old test vehicles. The joint
venture was announced in 2019 and the operations were slated to start in the
last financial year. According to an official, the venture is a bit behind
schedule because of Covid.
All the
machineries are ready for dismantling vehicle parts like the engine, aluminium,
plastics, copper and other raw materials. The official added that, all the
scrapped materials will be sold to scrap dealers and anybody who wants to scrap
his old vehicle can bring it to the unit, and in return he will be provided
with a certificate with details to enable them get incentives on buying new
cars, according to the government norms.
MSIL’s used car unit True Value will also bring old vehicles for scrappage from its outlets.
MSTI is a JV between MSIL and Toyota Tsusho Group (Toyota Tsusho Corporation and Toyota Tsusho India Private Limited) with each owning 50 per cent equity. MSTI is responsible for procuring and dismantling 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.
Source: The Hindu Business Line
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