Maruti Suzuki Shifts Gears Toward a Greener Future

By siliconindia  |  Wednesday, 04 June 2025, 11:40:34 AM IST

Maruti Suzuki Shifts Gears Toward a Greener Future
  • Maruti Suzuki adds 30 MWp solar capacity at Kharkhoda (20 MWp) and Manesar (10 MWp) units.
  • Total solar capacity now at 79 MWp, with a target of 319 MWp by FY2030-31.
  • Shares rise nearly 1%, reflecting positive investor sentiment on sustainability push.
Maruti Suzuki India Ltd’s shares edged up nearly 1% on June 4 after the company announced the expansion of solar power capacity at its manufacturing units in Kharkhoda and Manesar. The auto giant has added 20 megawatt peak (MWp) capacity at its Kharkhoda facility and 10 MWp at Manesar, taking the total solar capacity across its plants to 79 MWp up from 49 MWp a year ago.
The announcement comes as part of Maruti Suzuki’s broader commitment to sustainability and renewable energy. The company has set an ambitious target of achieving 319 MWp of solar capacity by the fiscal year 2030-31, backed by an investment of over Rs 925 crore.
At 10:45 am on June 4, Maruti Suzuki shares were trading 0.95% higher at Rs 12,241 apiece on the NSE. The stock has a 52-week high of Rs 13,680 and a low of Rs 10,725, with a market capitalisation of Rs 3.84 lakh crore.
Commenting on the development, Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Ltd, said, “Aligned with Suzuki Motor Corporation’s Environment Vision 2050 and the Government of India’s push for renewable energy, we are consistently increasing our use of clean energy. As we scale up production to four million units, our renewable energy efforts will grow in tandem”.
He added that with sustained efforts, the share of renewable energy in the company's total electricity consumption is projected to reach nearly 85% by FY2030-31.
For the March quarter, Maruti Suzuki posted a net profit of Rs 3,711 crore on revenue of Rs 40,674 crore, underscoring its strong financial performance amid growing emphasis on sustainability initiatives.

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