Maruti Suzuki Boosts Solar Capacity with Rs 925 Crore Investment

Maruti Suzuki is going all in on green energy with a hefty investment of over Rs 925 crore to ramp up its solar power capacity to 319 MWp by 2030-31. This move is part of the company’s big plan to align with Suzuki Motor Corporation’s Environment Vision 2050 and support India’s renewable energy push. They’ve already kicked things off with a new 20 MWp solar project at their Kharkhoda plant in Haryana and boosted their Manesar facility by 10 MWp, bringing their total solar capacity from 49 MWp to 79 MWp in just a year. Looking ahead, Maruti Suzuki wants 85% of its electricity to come from renewable sources by 2030-31, tapping into more green power from State Electricity Boards.

Hisashi Takeuchi, the company’s MD & CEO, shared, “As we scale production to four million units, this solar expansion is a key step towards a cleaner energy ecosystem.” Investors seem to agree, as Maruti Suzuki’s shares climbed 0.90% to Rs 12,236.85 on the Bombay Stock Exchange after the news dropped.

• Maruti Suzuki is investing Rs 925 crore to expand solar capacity to 319 MWp by 2030-31, aiming for 85% renewable energy use
• New solar projects at Kharkhoda and Manesar raised current capacity to 79 MWp, up from 49 MWp in just one year
• Part of a broader green strategy, including biogas plants and a Rs 450 crore pledge for clean energy, aligning with Suzuki’s Environment Vision 2050.

This isn’t their first rodeo with renewables. Maruti Suzuki has already pledged Rs 450 crore over the next three years for solar and biogas projects, and they’ve got a biogas plant up and running at Manesar.

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By doubling down on sustainability, Maruti Suzuki is helping India move toward a greener economy while keeping its crown as the country’s top carmaker. It’s a bold move that shows they’re serious about growing responsibly.