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Maruti Suzuki and Toyota forged a partnership in 2017 that would allow for both companies to access either party's portfolio of cars, re-badge them, and sell them under their respective banners. The partnership also allows for the companies to share technology wit each other.
Taking the partnership to a different level, Maruti Suzuki and Toyota are in the process of setting up a scrappage plant in India. According to NDTV Auto, Maruti Suzuki and Toyota Tsusho India will be set-up the scrappage plant in Greater Noida. This will be the second manufacturer-owned facility in the country. The joint venture will supply, dismantle, and process end-of-life vehicles.
Toyota Tsusho is a separate entity, has presence in India and is involved in the manufacturing and sale of auto components and logistics management.
The report of the scrappage plant emerges at a time when the government is finalizing the Scrappage policy for vehicles. Nitin Gadkari, Minister of Road Transport and Highways recently said that the policy will be finalized soon. The scrappage policy is part of the stimulus package that the auto industry is expecting from the government in order to overcome the current crisis.
A 10 per cent reduction in GST rates for vehicles has also been proposed, and the GST Council will make a decision at the council meeting on September 20, 2019.
In related news, Mahindra & Mahindra has opened a scrappage facility in a joint venture with MSTC. The plant is in the Greater Noida region.
The vehicle scrappage industry is fairly unorganized in India. This, however, will change depending on the framework that is laid out for the scrappage policy. The government still has to make an announcement about when the policy will be in effect.
The Maruti Suzuki-Toyota partnership has already resulted in the launch of the Toyota Glanza, and the next vehicles that are expected to be re-badged under the Toyota brand are the Ertiga and the Maruti Suzuki Vitara Brezza.
There are rumors of Suzuki introducing its iteration of the Corolla sedan in the country. Maruti Suzuki and Toyota are also working on hybrid technology for India, which will be seen on vehicles produced by both manufactureres.
Thoughts About The Scrappage Plant
We know there is a huge market for scrap in India, and rightly so. India is one of the largest consumers of two and four wheelers. This is a fantastic move by the Maruti-Suzuki Toyota alliance. What we really want is to have old school kind of scrapyards - where folk like us can salvage parts that we need for our quater-mile motorcycles. We also know Rizwan Bhai will be fairly thrilled if manufacturers did something like this.