Mahindra Intertrade and MSTC sign MOU to set - up India's first Auto-shredding facility copyMahindra Intertrade has signed a Memorandum of Understanding (MoU) with MSTC Ltd. (a Government of India enterprise, known formerly as Metal Scrap Trading Corporation Limited) to set up an auto shredding facility. Auto-shredding in India is largely an unorganised activity with vehicles long past their usable life, especially in rural and semi-urban India. Older vehicles are currently dismantled in an unscientific manner, hazardous to the environment. The extent to which the vehicle is recycled is also very minimal, with most vehicular residue making its way into landfills. The proposed facility will be equipped with state-of-the-art, fully automated end-of-life vehicle recycling equipment and will be India’s first such facility. This will go a long way in the efficient recycling of automobiles.

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