Business

Maruti Suzuki JV to set up vehicle dismantling unit by 2020-21

IANS | November 06, 2019 12:10 PM

NEW DELHI: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."

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