Mahindra MSTC Recycling (MMRPL), a joint venture between Mahindra Intertrade and government enterprise MSTC, plans to increase its footprint across 200 locations across the country and will set up 25 automotive and steel recycling units by 2025.
Around nine million end-of-life vehicles (ELVs) are expected every year for recycling in future, and around 60 percent of nine million vehicles are two-wheelers.
At present, the vehicle scrapping and recycling is largely done in unscientific manner in the unorganised sector. Also, there are about half a million vehicles that are processed annually.
MMRPL had set up its first automotive and steel recycling facility under the brand name CERO at Greater Noida in January 2018. It is India's first organised, fully compliant, pollution-free recycling facility.
ELVs are collected, de-polluted and dismantled at the unit. It has recently opened two more recylcing units in Chennai, Tamil Nadu and Pune, Maharashtra and operates out of nine cities.
The plant has capacity to recycle old trucks, buses, cars and two-/three-wheelers and consumer durables. The recovered raw materials from the vehicles will be supplied to companies that can make use of them, provided they meet quality and sustainability requirements.
Mahindra Group is looking to achieve zero carbon emission by 2040. CERO recently signed MOU with M&M and Renault for vehicle scrappage service.