Maruti Suzuki India plans to invest Rs. 450 Cr (approx. $53 million) in the next three years towards commissioning renewal energy projects.
In a press statement, the company said it invested Rs. 120.8 Cr (approx. $14 million) in renewable energy projects in FY24 and aims to increase it fourfold in the next three years, starting FY25.
“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,” Maruti Suzuki Managing Director & CEO Hisashi Takeuchi said.
The company has started a pilot biogas plant project at its Manesar facility to harness the untapped potential of in-house food waste. This plant will produce 0.2 tonnes of biogas every day and 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. The statement said the company is on track to add 15 MW solar capacity to its Manesar plant and 20 MW to the upcoming Kharkhoda plant over the next two years, thus boosting the total solar capacity to 78.2 MW by FY26.