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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