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regular-article-logo Wednesday, 03 July 2024

Maruti Suzuki India Limited to invest up to Rs 450 crore on renewable energy initiatives

This includes investment of Rs 120.8 crore in 2024-25 on solar power initiatives and a biogas plant

Our Special Correspondent Calcutta Published 06.06.24, 11:06 AM
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Maruti Suzuki India Limited will invest up to 450 crore spread over three years from this fiscal on renewable energy initiatives.

This includes an investment of 120.8 crore in 2024-25 on solar power initiatives and a biogas plant.

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The company on Wednesday started a pilot biogas plant at its Manesar facility harnessing the untapped potential of in-house food waste and Napier grass as resources.

Speaking on the company’s upcoming green energy initiatives, Hisashi Takeuchi, managing director and CEO, MSIL said, “Energy is one of the critical inputs in the manufacturing process. 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. This is in line with Suzuki’s Environment Vision 2050 and Government of India’s renewable energy focus.”

He said Maruti invests in existing and upcoming facilities to ensure they are environmentally sustainable.

The focus is on optimising energy consumption, integrating renewable energy sources, implementing efficient waste management protocols and conserving water resources.

"The learning from this pilot will be implemented at our upcoming world-class manufacturing facilities.”

Maruti Suzuki is transitioning to green manufacturing practices at its Manesar and Kharkhoda facilities.

The company expanded its solar capacity to 43.2 MWp in 2023-24. Meanwhile, it is on track to add 15 MWp solar capacity to its Manesar plant and 20 MWp to the upcoming Kharkhoda plant over the next two years.

This will boost the total solar capacity to reach 78.2 MWp by 2025-26.

Meanwhile, auto components maker Uno Minda on Wednesday said it has tied up with China's Suzhou lnovance Automotive Co for the production of electric vehicle components.

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