Mahindra group on Monday said it has signed of a memorandum of understanding (MoU) with theMaharashtragovernment for setting up multiple vehicle-scrapping units in the state. MahindraMSTCRecycling Pvt Ltd, which operates recycling facilities under the Cero brand, already has a recycling facility at Pune and is looking to set up four additional facilities in Mumbai, Nagpur, Aurangabad and Nashik.
The scrappage centres will be equipped with recycling end-of-life 2/3-wheelers, passenger and commercial vehicles in accordance with all legal and environmental norms, with a planned capacity of 40,000 vehicles annually, the group said in a statement.