Maruti Suzuki India has announced plans to invest Rs 450 crore over the next three years to commission renewable energy projects focused on solar power and biogas, starting from FY25.
The company has already invested Rs 120.8 crore in this vertical in FY24.
“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,” said Hisashi Takeuchi, Managing Director & CEO of Maruti Suzuki.
Just as the company is bringing multiple technologies in products, it would also focus on multiple renewable energy sources to make the operations greener, he added.
The company announced it has started a pilot biogas plant at its Manesar facility in FY25, utilizing in-house food waste to produce 0.2 tonnes of biogas daily. The anticipated output is about 1 lakh standard cubic meters of biogas in FY25.
It will offset around 190 tonnes of CO2 per annum.
The company also expanded its solar capacity to 43.2 MW in FY24. It 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.
The company aims to boost its solar capacity to 78.2 MW by FY26.
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Resource: Business Standard
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