Mahindra group inks pact with Maha govt to arrange a number of vehicle-scrapping models

Mahindra group on Monday mentioned it has signed of a memorandum of understanding (MoU) with the Maharashtra authorities for organising a number of vehicle-scrapping models within the state. Mahindra Recycling Pvt Ltd, which operates recycling amenities beneath the Cero model, already has a recycling facility at Pune and is seeking to arrange 4 extra amenities in Mumbai, Nagpur, Aurangabad and Nashik.

The scrappage centres will probably be geared up with recycling end-of-life 2/3-wheelers, passenger and industrial autos in accordance with all authorized and environmental norms, with a deliberate capability of 40,000 autos yearly, the group mentioned in a press release.

A three way partnership between Mahindra Accelo (a Mahindra group firm) and MSTC (a authorities of India enterprise beneath Ministry of Metal) — Mahindra MSTC Recycling Pvt Ltd at present has 11 recycling models in several elements of India. It plans to extend presence in additional than 25 areas.

“Cero goals to create a community of world-class amenities throughout Maharashtra and India. Our centres will present a platform for purchasers to scrap their autos in atmosphere pleasant method and avail the advantages on buy of newer autos which will probably be linked to certificates of deposit – to be supplied by Cero,” Mahindra Accelo Managing Director Sumit Issar mentioned. PTI RKL ANS ANS