SME Times News Bureau | 06 Nov, 2019
Automobile major Maruti Suzuki will set up its vehicle dismantling and
recycling unit in Noida within 2020-21 via a joint venture company with
the Toyota Tsusho Group.
Accordingly, Maruti Suzuki India and
Toyota Tsusho Group own 50 per cent each in -- Maruti Suzuki Toyotsu
India Private Limited -- which has been established to set up its
vehicle dismantling and recycling unit in Noida, Uttar Pradesh within
2020-21.
"MSTI will be responsible to procure and dismantle End-of-Life Vehicles (ELVs)," the company said in a statement.
"The
process will include complete solid and liquid waste management as per
the Indian laws and globally approved quality and environment
standards."
