New Delhi: Maruti Suzuki India Ltd, the country's largest carmaker, on Friday said it will invest Rs 925 crore in green energy initiatives by FY 2030-31, with two biogas projects among the first steps. "Maruti Suzuki plans to invest Rs 925 crore towards green energy initiatives by FY 2030-31," the company said in a statement.
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Of the total, Rs 150 crore has been set aside for the two biogas projects. "Maruti Suzuki will be investing Rs 150 crore for these two projects, underscoring its long-term vision to integrate renewable energy solutions into its operations," the statement said.
Under the first project, the company will build a 10 tonnes per day (TPD) biogas plant at its Kharkhoda facility, slated for commissioning within FY 2026-27. As the second initiative, it has raised the capacity of the existing biogas plant at its Manesar facility from 0.2 TPD to 0.7 TPD, more than tripling its output.
The biogas plans are in step with the government's 'Waste-to-Wealth' mission, the company said. It added that it has rolled out a range of measures across its operations, including the expansion of biogas and solar power capacities, to lower its reliance on fossil fuels.
Maruti Suzuki India Ltd Managing Director and CEO Hisashi Takeuchi said the company has been steadily pursuing measures to cut fossil fuel consumption and reduce oil import dependence. "In line with this, we are setting up a new 10 Tonnes Per Day biogas plant at the Kharkhoda facility as well as expanding the existing biogas plant at Manesar facility," he said.
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Takeuchi said such initiatives carry greater weight at a time when the world is navigating an increasingly uncertain energy landscape. Pointing to Prime Minister Narendra Modi's call to reduce dependence on fossil fuels, he said, "The commissioning of our biogas project comes at an appropriate time. It enables us to contribute, in a modest but meaningful way, to the current national priority alongside several other ongoing efforts."
