Maruti Suzuki's Green Commitment: Rs 450 Crore Towards Renewable Energy

Maruti Suzuki India will invest Rs 450 crore over three years to develop renewable energy projects utilizing solar power and biogas. In FY24, the company invested Rs 120.8 crore. With plans to increase production capacity significantly by 2030-31, the focus remains on sustainable, eco-friendly operational practices.

PTI | New Delhi | Updated: 05-06-2024 13:53 IST | Created: 05-06-2024 13:53 IST
Maruti Suzuki's Green Commitment: Rs 450 Crore Towards Renewable Energy
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Maruti Suzuki India announced on Wednesday a significant investment of Rs 450 crore over the next three years to spearhead renewable energy projects, including solar power and biogas. The initiative underscores the company's commitment to sustainability as it scales up its production capacity.

For the fiscal year 2024, Maruti Suzuki allocated Rs 120.8 crore to this vertical, with plans to elevate this investment nearly four-fold to Rs 450 crore starting from FY25. Managing Director & CEO Hisashi Takeuchi highlighted the integration of various renewable energy sources to enhance the company's eco-friendly operations.

The company has commenced operations of a pilot biogas plant at its Manesar facility, producing 0.2 tonnes of biogas daily from food waste, with an anticipated output of 1 lakh standard cubic meters by FY25. Additionally, Maruti Suzuki aims to increase its solar capacity from 43.2 MW in FY24 to 78.2 MW by FY26.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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