Maruti Suzuki, Toyota Tsusho set up vehicle recycling jv
Nov 11, 2019 11:00
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Maruti Suzuki and Toyota Tsusho Group announced setting up one-of-its-kind vehicle dismantling and recycling joint venture, Maruti Suzuki Toyotsu India Private Limited (MSTI). The joint venture named Maruti Suzuki Toyotsu India Pvt Ltd (MSTI) will have both the companies holding 50% share each, further strengthening the relationship between the two.
venture’s first vehicle dismantling and recycling unit is planned to be set up
in Noida, Uttar Pradesh, within 2020-21 which will be followed by other
facilities on similar lines across the country.
The facility in
Noida will be the first unit by MSTI and the JV will add more such units across