Maruti Suzuki To Invest Rs 450cr In Renewable Energy Adoption

Maruti Suzuki Plans Rs. 450 Cr. Investment In RE Solution In Next 3 years

Maruti Suzuki India Limited, an Indian subsidiary of Japanese automaker Suzuki Motor Corporation recently announced that it has earmarked an investment of Rs. 450 crores to expand its usage of renewable energy solutions in the next three years.

In FY2023-24, Maruti Suzuki invested Rs 120.8 crores towards commissioning renewable energy initiatives like solar power and biogas. It pledged to increase the investment approximately fourfold to Rs 450 crores spread over three years starting FY 2024-25. It will significantly boost MSIL’s environmental sustainability initiatives.

In the fiscal year 2024-25, Maruti Suzuki India Limited (MSIL) commenced a pilot biogas plant at its Manesar facility, harnessing the untapped potential of in-house food waste and Napier grass as resources at its plant. The company said, “This initiative aligns with the Ministry of New and Renewable Energy’s (MNRE) ‘Waste to Energy’ program, reflecting our commitment to sustainable practices and innovative waste management solutions. The pilot plant is designed to produce 0.2 tons of biogas daily.”

The company in a statement mentioned, “The anticipated output is about 1 lac standard cubic meters of biogas in FY 2024-25. It will offset approximately 190 tonnes of CO2 per annum. Imbibing principles of circularity, the company will be using food waste from canteens and Napier grass as raw materials. The pilot biogas plant will provide energy for the manufacturing processes of the company’s Manesar facility. The residual organic manure will be utilized in horticulture effectively making it a zero-discharge model.” This initiative underscores Maruti Suzuki’s commitment to sustainable practices, managing waste effectively, carbon footprint reduction, and bolstering energy security.

Speaking on the company’s upcoming green energy initiatives, Hisashi Takeuchi, Managing Director and chief executive officer (CEO), of Maruti Suzuki India Limited said, “Energy is one of the critical inputs in the manufacturing process. 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.

This is in line with Suzuki’s Environment Vision 2050 and Govt of India’s renewable energy focus. The biogas plant at Manesar is another step towards fostering a cleaner and more sustainable energy landscape at MSIL and the industry at large. Just as we are bringing multiple technologies in our products, we would also focus on multiple renewable energy sources to make our operations greener.”

Furthermore, Takeuchi added, “We strategically invest in our existing and upcoming facilities to ensure they are environmentally sustainable by optimizing energy consumption, integrating renewable energy sources, implementing efficient waste management protocols, and conserving water resources. The learning from this pilot will be implemented at our upcoming world-class manufacturing facilities.”