Maruti Suzuki announced on Wednesday its plans to invest Rs 450 crore over the next three years towards the development of renewable energy projects, focusing on solar power and biogas.
In the financial year 2024, the company allocated Rs 120.8 crore to this vertical. It intends to increase this investment approximately four-fold, spreading it over the next three years starting from the financial year 2025.
Maruti Suzuki’s Managing Director & CEO, Hisashi Takeuchi, emphasized the company’s commitment to sustainability, stating, “As we ramp up our production capacity from around 2 million to 4 million by 2030-31, we are also accelerating our efforts to increase the share of sustainable and renewable energy sources across our operations.”
Takeuchi highlighted the company’s focus on leveraging multiple renewable energy sources to make its operations more eco-friendly, mirroring the approach taken in product development.
In FY25, Maruti Suzuki initiated a pilot biogas plant at its Manesar facility, utilizing in-house food waste to produce biogas. The plant aims to produce 0.2 tonne of biogas daily, with an anticipated output of about 1 lakh standard cubic meters of biogas in FY25, offsetting around 190 tonnes of CO2 per annum.
Furthermore, the company expanded its solar capacity to 43.2 MW in FY24 and 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, ultimately boosting the total solar capacity to 78.2 MW by FY26.
