India’s largest passenger car manufacturer Maruti Suzuki India Limited and Japan-based Toyota Tsusho Group will set up a vehicle dismantling and recycling plant at Nodia on the outskirts of New Delhi, a company statement said on Wednesday, November 6.
According to the statement, both Maruti Suzuki and Toyota Tsusho will hold 50:50 equity in the joint venture, named Maruti Suzuki Toyotsu India Limited (MSTIL) that will construct an end-of-life vehicle dismantling and recycling unit.
“Through this joint venture, we aim to promote recycling and support resource optimization and conservation while using environmentally-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,” Kenichi Ayukawa, managing director of Maruti Suzuki India Limited, said in the statement.
The proposed plant will have the capacity to dismantle 2,000 cars per month, which would be sourced by Maruti Suzuki through its dealer network.