TTM - Tata Motors inks MoU with Maharashtra Govt to set up vehicle scrapping facility

Tata Motors (NYSE:TTM) has signed an MoU with the Government of Maharashtra, with an intent to support setting up a Registered Vehicle Scrapping Facility in Maharashtra, CNBC TV18 reports. The MoU was inked through the Industries, Energy and Labour Department. The scrappage center, after completion, will have the capacity to recycle up to 35,000 vehicles in a year. The company had earlier tied up with the Gujarat Government to set up a vehicle scrappage facility in Ahemdabad. The company is also looking to set up various scrappage centers under a franchise setup. These centers will become operational in the next financial year.

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Tata Motors inks MoU with Maharashtra Govt to set up vehicle scrapping facility