Maruti Suzuki to invest Rs 4.50 billion in renewable energy

07 Jun 2024 CW Team

In an effort to strengthen the company's environmental sustainability initiatives and make its operations greener, Maruti Suzuki India said in a statement on Wednesday that it would be investing Rs 4.50 billion in renewable energy projects like solar power and biogas over the course of the next three years, beginning with the current fiscal year. In 2023?2024, it allocated Rs 1.20 billion to renewable energy initiatives. Utilising the firm's untapped potential of in-house food waste and Napier grass as resources, the leader in the auto industry has started production at its biogas plant at its Manesar factory in accordance with its renewable energy plan. According to the statement, the project is consistent with the "Waste to Energy" programme of the Ministry of New and Renewable Energy. The knowledge gained from this pilot project will be implemented at the company?s upcoming manufacturing facilities. By 2031, Maruti intends to increase production capacity to four million cars. The two greenfield production facilities, one in Gujarat and the other in Kharkhoda, Haryana, are now under construction. The Manesar prototype biogas plant is intended to generate 0.2 tonnes of biogas per day. About 10 million standard cubic metres of biogas are expected to be produced in 2024?2025. About 190 tonnes of CO2 will be offset annually. The business will use Napier grass and food waste from canteens as raw materials, adhering to the principles of circularity. The company's Manesar location will use energy from the prototype biogas plant for its production operations. This zero-discharge concept will be achieved by efficiently using the leftover organic manure in horticulture. In a statement, Hisashi Takeuchi, Managing Director and CEO of Maruti Suzuki India, mentioned that energy constitutes a crucial component in the manufacturing process. He stated that as they aim to elevate their production capacity from approximately 2 million to 4 million by 2030?31, they are also intensifying their endeavours to augment the proportion of sustainable and renewable energy sources utilised across their operations. He highlighted that this initiative aligns with Suzuki?s Environment Vision 2050 and the renewable energy emphasis of the Government of India.

In an effort to strengthen the company's environmental sustainability initiatives and make its operations greener, Maruti Suzuki India said in a statement on Wednesday that it would be investing Rs 4.50 billion in renewable energy projects like solar power and biogas over the course of the next three years, beginning with the current fiscal year. In 2023?2024, it allocated Rs 1.20 billion to renewable energy initiatives. Utilising the firm's untapped potential of in-house food waste and Napier grass as resources, the leader in the auto industry has started production at its biogas plant at its Manesar factory in accordance with its renewable energy plan. According to the statement, the project is consistent with the Waste to Energy programme of the Ministry of New and Renewable Energy. The knowledge gained from this pilot project will be implemented at the company?s upcoming manufacturing facilities. By 2031, Maruti intends to increase production capacity to four million cars. The two greenfield production facilities, one in Gujarat and the other in Kharkhoda, Haryana, are now under construction. The Manesar prototype biogas plant is intended to generate 0.2 tonnes of biogas per day. About 10 million standard cubic metres of biogas are expected to be produced in 2024?2025. About 190 tonnes of CO2 will be offset annually. The business will use Napier grass and food waste from canteens as raw materials, adhering to the principles of circularity. The company's Manesar location will use energy from the prototype biogas plant for its production operations. This zero-discharge concept will be achieved by efficiently using the leftover organic manure in horticulture. In a statement, Hisashi Takeuchi, Managing Director and CEO of Maruti Suzuki India, mentioned that energy constitutes a crucial component in the manufacturing process. He stated that as they aim to elevate their production capacity from approximately 2 million to 4 million by 2030?31, they are also intensifying their endeavours to augment the proportion of sustainable and renewable energy sources utilised across their operations. He highlighted that this initiative aligns with Suzuki?s Environment Vision 2050 and the renewable energy emphasis of the Government of India.

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