As the government works out a scrappage policy for older vehicles in India, Maruti Suzuki has decided to set up a old vehicles dismantling plant along with a subsidiary of Toyota.
The venture between Maruti and Toyota Tsusho India will supply, dismantle and process end-of-life vehicles, and market and sell scrap and other products generated from such activities, sources told TOI.
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In doing so, the Maruti-Toyota venture will be the second big automobile JV to work on a high-end vehicle scrappage plant in India, following the footsteps of Mahindra & Mahindra (through subsidiary Mahindra Accelo) that has partnered public-sector MSTC. The two have set up a recycling plant at Greater Noida.
Source: Economic Times
