Maruti Suzuki India Invests $54m in Renewable Energy
- Maruti Suzuki drives towards sustainability with USD 54 million investment in renewable energies, starting with a biogas plant at Manesar facility. #GreenFuture
Maruti Suzuki India Ltd has allocated USD 54 million to increase the usage of renewable energies over the next three years, starting with a biogas plant at its Manesar facility. The plant will produce 0.2 tonnes of biogas daily using food waste and Napier grass, with the organic manure being used in horticulture. The company aims to increase the share of sustainable and renewable energy sources as it expands production capacity to 4 million by 2030-31.
In the fiscal year 2023/24, Maruti Suzuki invested INR 1.2 billion in solar power and biogas, expanding its solar capacity to 43.2 MWp. The company plans to add 15 MWp to the Manesar plant and 20 MWp to the upcoming Kharkhoda plant, aiming for a total of 78.2 MWp by fiscal year 2025/26. The initiative aligns with Suzuki's Environment Vision 2050 and the Indian government's focus on renewable energy. Hisashi Takeuchi, the company's managing director and CEO, highlighted the importance of implementing learnings from the pilot project at other manufacturing facilities.
How is Maruti Suzuki increasing renewable energy usage at its facilities?
- Maruti Suzuki has allocated USD 54 million to increase renewable energy usage over the next three years
- The company has started with a biogas plant at its Manesar facility, producing 0.2 tonnes of biogas daily using food waste and Napier grass
- The organic manure produced will be used in horticulture
- Maruti Suzuki plans to expand its solar capacity to 43.2 MWp by fiscal year 2023/24
- The company aims to add 15 MWp to the Manesar plant and 20 MWp to the upcoming Kharkhoda plant by fiscal year 2025/26
- The initiative aligns with Suzuki's Environment Vision 2050 and the Indian government's focus on renewable energy
- Hisashi Takeuchi, the company's managing director and CEO, emphasized the importance of implementing learnings from the pilot project at other manufacturing facilities.
