TNI || New Delhi || 21st Dec 2021
The Government of Maharashtra, via its Industries, Energy, and Labor Department, has ended up signing an MoU with Mahindra MSTC Recycling Private Limited, also known as Cero, which is India’s first recycler of vehicles authorized by the Government and which will be setting up additional world-class vehicle scrapping centers in Maharashtra.
These scrappage centers will have the capacity of recycling two or three-wheelers, commercial or passenger vehicles, under the norms laid down by the Ministry of Road Transport and Highways.
The memorandum of understanding has been signed in the presence of Shri Nitin Gadkari, who sits at the helm of the Transport and Highways Ministry and is the driving force behind this much-awaited vehicle scrappage policy in the country.
Cero has a state-of-the-art recycling plant at Pune and is also looking to set up another four additional facilities in the cities of Aurangabad, Nashik, Nagpur, as well as Mumbai.
Speaking on the occasion, Mahindra Accelo’s, Managing Director, Sumit Issar, said that they are delighted to sign the MoU with the Maharashtra Government and would like to appreciate the efforts taken by them.
Sumit added that their company aims to create a network of top-notch facilities across the state as well as India, and their centers will provide a platform to all the customers to scrap their vehicles in an environmentally friendly manner and also avail the benefits they can have as far as new purchases of vehicles are concerned.
He opines that from a sustainability point of view and a viewpoint of recycling old vehicles, their company aims to reduce the country’s dependence on steel scrap imports.