Maruti Suzuki India Limited

(MSIL) on Wednesday announced a significant expansion of its

renewable energy initiatives

with plans to invest over Rs 925 crore by FY31, aiming to scale its

solar power capacity

to 319MWp.

The move comes as part of the automaker’s long-term green energy roadmap and its recent addition of 30MWp solar capacity through two new projects.

This includes a 20MWp plant at its Kharkhoda facility in Haryana and a 10MWp expansion at its Manesar plant. With these additions, the company’s total installed solar capacity has increased from 49MWp to 79MWp over the past year, the company said in a media release.

Following the announcement, MSIL shares saw an uptick in early trading, rising 0.90 per cent to Rs 12236.85 apiece on the Bombay Stock Exchange as of 10.25 AM.

“Aligned with our parent company, Suzuki Motor Corporation's Environment Vision 2050i and the Government of India's focus on renewable energy, we are systematically enhancing the use of renewable energy in our operations,” said Hisashi Takeuchi, Managing Director & CEO of Maruti Suzuki India Limited. “By FY2030-31, Maruti Suzuki plans to reach 319MWp of solar capacity, backed by an investment of over Rs 925 crore.”

Takeuchi said that the company’s renewable energy strategy supports its production growth targets. “As we scale up production to four million units, we are committed to matching that growth with equally ambitious sustainable energy practices. This solar power expansion is a crucial step towards creating a cleaner, more sustainable energy ecosystem and contributes positively to the environment,” he added.

MSIL also aims to source a greater share of its electricity from green power through State Electricity Boards. “Through sustained efforts, the share of renewable source of energy in total electricity consumption is expected to reach nearly 85% by FY2030-31,” he added.

Beyond clean energy investments, MSIL said that it is advancing green manufacturing across its facilities.