Maruti with Toyota Plans to Build a vehicle Scrappage Plant

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Maruti with Toyota Plans to Build a vehicle Scrappage Plant
Maruti with Toyota Plans to Build a vehicle Scrappage Plant

Maruti and Toyota in a combined manner plan to set up a vehicle scrappage plant. This venture between the Maruti and Toyota Tsusho hence plans for their future days that they would supply the dismantle and end of life vehicles and market and sell scraps and other generated from such activities. This Maruti Toyota venture is considered to be the second most big automobile JV to work on a high-end vehicle scrappage plant in India.

You may know that the government is planning for a scrappage policy for all the older vehicles in India. Now, Maruti Suzuki has decided to set up an old vehicle dismantling plant with a subsidiary of Toyota. This venture between Maruti and Toyota TsushoIndia serves the policy of providing the dismantle and process all the end of life vehicles.

Following the footsteps of Mahindra and Mahindra, the Maruti Toyota venture will definitely be the second most bid automobile JV to work on a high-end vehicle scrappage plant in India. It is indeed a great success. Mahindra & Mahindra ( through subsidiary Mahindra Accelo) had partnered a public sector MSTC, which had resulted in its biggest success. The two had set up a recycling plant at Greater Noida.

Most of you might know that Toyota Tsusho is already active in India as it occupies the biggest portion in manufacturing and trading of parts and components of automobiles. It also deals with steel shearing and processing, import and export of automobile components, and logistics management services. It’s Japanese parent, Toyota Tsusho Corporation is greatly active in metal parts and logistics, automotive, machinery, energy and projects, chemicals, electronics, food, and consumer services.

Maruti’s parents, Suzuki, and Toyota are considered to have a deep relationship where they are found to buy minor equity into each other, apart from working out joint vehicles, engines, and new technology plans for India and global market.

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