Maruti Suzuki partners with Toyota Tsusho for vehicle dismantling and recycling

Maruti Suzuki has joined hands with Toyota Tusho to form a joint venture company that will work on vehicle dismantling and recycling, the biggest carmaker of India has informed in a release on Wednesday.

The JV, named as Maruti Suzuki Toyotsu India Private Limited (MSTI) will have 50 per cent equity from both the two partner companies, informs the release. 

Headquartered in New Delhi, the MSTI will set up its first vehicle dismantling and recycling unit in Noida, Uttar Pradesh within 2020-21, while more such facilities will come up across India.

Maruti Suzuki partners with Toyota Tsusho for vehicle dismantling and recycling 

The MSTI will be responsible to procure and dismantle End-of-Life Vehicles (ELVs), informs the company. It also said that this dismantling and recycling process will include solid and liquid waste management as per the Indian laws and globally approved quality and environment standards.

The Noida facility will have an initial capacity to dismantle around 2,000 vehicles every month. The company will source vehicles from dealers as well as directly from the customers.

Commenting on the initiative, Kenichi Ayukawa, Managing Director & CEO, Maruti Suzuki India Limited, said, “Maruti Suzuki strongly believes in responsible recycling of vehicles after the 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."

He also added, "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.”

Naoji Saito, CEO (Metal Division), Toyota Tsusho Corporation, said, “Toyota Tsusho has started ELV recycling since the 1970`s in Japan. We believe that we will be able to contribute to Indian society through our knowledge and experience for ELV business. The first vehicle dismantling and recycling unit of MSTI is just the initial step and we are eager to expand to the pan-India base with Maruti Suzuki.”