Maruti Suzuki India announced on Wednesday that it would invest Rs 450 crore over the next three years in renewable energy projects, particularly in solar power and biogas. In the previous fiscal year (FY24), the company invested Rs 120.8 crore in this area. The company’s investment is set to increase significantly, nearly four-fold, to Rs 450 crore over a period of three years starting from FY25.
Maruti Suzuki’s Managing Director & CEO, Hisashi Takeuchi, mentioned that as the company aims to double its production capacity to 4 million by 2030-31, efforts to increase the use of sustainable and renewable energy sources across operations are being accelerated. The company also plans to focus on multiple renewable energy sources to make its operations more environmentally friendly, aligning with its commitment to bringing in multiple technologies in its products.
In FY25, the company initiated a pilot biogas plant at its Manesar facility which is designed to produce 0.2 tonne of biogas daily, contributing to an anticipated output of about 1 lakh standard cubic meters of biogas and offsetting approximately 190 tonnes of CO2 per annum. Furthermore, Maruti Suzuki expanded its solar capacity to 43.2 MW in FY24. The company plans to add 15 MW of solar capacity to its Manesar plant and 20 MW to the upcoming Kharkhoda plant over the next two years, increasing the total solar capacity to 78.2 MW by FY26.
