BRIEF-Maruti Suzuki India And Toyota Tsusho To Set Up Vehicle Dismantling And Recycling Unit - Reuters
06-Nov-2019 11:42:56 AM
Nov 6 (Reuters) - Maruti Suzuki India Ltd MRTI.NS:
MARUTI SUZUKI AND TOYOTA TSUSHO TO SET UP VEHICLE DISMANTLING AND RECYCLING UNIT
MSTI WILL BE RESPONSIBLE TO PROCURE AND DISMANTLE END-OF-LIFE VEHICLES
JV BETWEEN MARUTI SUZUKI INDIA AND TOYOTA TSUSHO GROUP AND TOYOTA TSUSHO INDIA PVT WITH EACH OWNING A 50% EQUITY
UNIT WILL HAVE INITIAL CAPACITY TO DISMANTLE AROUND 2,000 VEHICLES PER MONTH
MARUTI SUZUKI TOYOTSU INDIA ESTABLISHED TO SET UP VEHICLE DISMANTLING AND RECYCLING UNIT IN NOIDA, UTTAR PRADESH WITHIN 2020-21