Maruti Suzuki JV to set up vehicle dismantling unit by 2020-21
Wednesday - November 6, 2019 12:50 pm ,
Category : BUSINESS
New Delhi, Nov 6 (IANS) 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."
--IANS rv/dpb
--IANS rv/dpb
