Maruti Suzuki to Invest ₹925 Crore in Green Energy Projects by FY31
Maruti Suzuki to invest Rs 925 crore by FY31 towards green energy initiatives
Image: The Economic Times
Maruti Suzuki India Ltd plans to invest ₹925 crore by FY 2030-31 in green energy initiatives, including a new biogas plant and expansion of an existing facility. These efforts align with the government's 'Waste-to-Wealth' mission and aim to reduce reliance on fossil fuels.
- 01Maruti Suzuki will invest ₹925 crore in green energy initiatives by FY 2030-31.
- 02A new 10 Tonnes Per Day biogas plant will be established at the Kharkhoda facility, set to be operational by FY 2026-27.
- 03The existing biogas plant at the Manesar facility will be expanded from 0.2 TPD to 0.7 TPD.
- 04The investment includes ₹150 crore specifically for the biogas projects.
- 05These initiatives support the government's aim to reduce fossil fuel dependence and promote renewable energy.
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Maruti Suzuki India Ltd, the largest car manufacturer in India, announced plans to invest ₹925 crore in green energy initiatives by the fiscal year 2030-31. This investment includes the establishment of a 10 Tonnes Per Day (TPD) biogas plant at its Kharkhoda facility, expected to be operational by FY 2026-27. Additionally, the company is expanding its existing biogas plant at the Manesar facility from 0.2 TPD to 0.7 TPD. The total allocation for these biogas projects is ₹150 crore, highlighting Maruti's commitment to integrating renewable energy solutions into its operations. These initiatives align with the Indian government's 'Waste-to-Wealth' mission and aim to decrease reliance on fossil fuels. Hisashi Takeuchi, Managing Director & CEO of Maruti Suzuki, emphasized the importance of these projects in the context of the current global energy landscape and the national priority of reducing fossil fuel consumption. The company's efforts are part of a broader strategy to enhance sustainability within its operations.
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The investment in green energy initiatives will contribute to local job creation and promote sustainable practices in the automotive industry.
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