Mahindra CERO, Maharashtra govt. inks MoU to set up vehicle scrapping centres
The Government of Maharashtra has announced that it has signed a Memorandum of Understanding (MoU) with Mahindra Cero, a joint venture between Mahindra Accelo and MSTC (Metal Scrap Trade Corporation), to set up vehicle scrapping centres in the state.
Under the MoU, which was signed through the Industries, Energy, and Labour department, the two partners will set up multiple scrapping units across Maharashtra. The proposed scrappage centres will have the capacity of recycling end-of-life two- and three-wheelers, passenger, and commercial vehicles. The MoU was signed in the presence of Nitin Gadkari, the Minister for Road Transport and Highways.
Mahindra said that the scrappage centres will be built following all the legal and environmental norms prescribed by CPCB (Central Pollution Control Board) and guidelines provided by MoRTH (Ministry of Road Transport and Highways). Currently, Cero already has a state-of-the-art recycling facility in Pune, Maharashtra, and is now looking at setting up four additional facilities in - Mumbai, Nagpur, Aurangabad, and Nashik. The Industries, Energy, and Labour Department will facilitate the necessary approvals as per the rules and regulations of the State Government and the draft vehicle scrappage policy released by MoRTH for setting up the new vehicle scrapping centres.
Speaking on the MoU, Sumit Issar, Managing Director of Mahindra Accelo stated, "We are delighted to sign an MoU with the Government of Maharashtra and would like to acknowledge the proactive efforts being taken by the Government. Cero aims to create a network of world-class facilities across Maharashtra and India. Our centres will provide a platform for customers to scrap their vehicles in an environment-friendly manner and avail the benefits of the purchase of newer vehicles which will be linked to the Certificate of deposit - to be provided by Cero. From a sustainability point of view, through recycling of old vehicle, we aim to reduce India's dependence on Steel scrap imports and conservation of natural resources which go into the production of steel."
