Maruti Suzuki India announced on Wednesday, 5 June, that they would invest Rs 450 crore in the next three years towards commissioning renewable energy projects such as solar and biogas.

During the fiscal year 2023-24, the company has invested Rs 120.8 crore in the vertical and is planning to increase the investment by four-fold to Rs 450 crore, which spreads over three years, starting from the fiscal year 2024-25.

Hisashi Takeuchi, Managing Director & CEO of Maruti Suzuki, said, “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.”

As the company plans to introduce multiple technologies into its products, it will also focus on multiple renewable energy sources to make its operations greener.

Maruti Suzuki has commenced a pilot biogas plant at its Manesar facility in FY25 to harness the untapped potential of in-house food waste, producing 0.2 tonnes of biogas daily and anticipate an output of 1 lakh standard cubic meters of biogas in FY25, which will offset around 190 tonnes of CO2 per annum.

The company has also increased its solar capacity to 43.2 megawatts (MW) in fiscal year 2024 and are 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.