India, Nov. 6 -- *Image for representation purpose only.
The joint venture, Maruti Suzuki Toyotsu India Private Limited (MSTI), is expected to start operations from Q3 FY2020-21.
Maruti Suzuki has taken the first step in formalising the End-of-Life Vehicle (ELV) recycling process in the country by announcing a Joint Venture (JV) with the Toyota Tsusho Group. The new JV, Maruti Suzuki Toyotsu India Private Limited (MSTI), is headquartered in Delhi and will set up its first ELV dismantling & recycling unit in Noida, Uttar Pradesh. The unit, with an expected capacity of processing around 2,000 units per month, is expected to start operations from Q3 FY2020-21.
MSTI will be responsible for procuring ELVs from authorised Maruti Suzuki dealers...