Maruti Suzuki Aims for 30% Renewable Energy, 90% Recyclable Vehicles by 2024-25

Strategic Insights -

Maruti Suzuki India Limited is accelerating its efforts towards reducing carbon emissions from its fleet by incorporating more renewable energy sources and promoting recyclability. The company aims to source over 30% of its power requirement from renewable energy by FY 2024-25, with a total solar power capacity of 48.15 MWp across its facilities. To ensure environmentally responsible practices, Maruti Suzuki designs its vehicles to be at least 90% recyclable, and the company recycles 100% of metallic scraps generated during vehicle manufacturing.

Key Takeaways:

  • Maruti Suzuki aims to meet more than 30% of its power requirement through renewable energy by FY 2024-25, with a total solar power capacity of 48.15 MWp across its facilities.
  • The company has already commissioned its first solar power plant in 2014 and has increased the share of renewable energy in its power mix.
  • Maruti Suzuki recycles 100% of metallic scraps generated during vehicle manufacturing, and meets nearly 65% of its water requirement through recycling.
  • The company aims to increase the recyclability of its vehicles, with all current models having at least 90% recyclable parts.
  • Maruti Suzuki has showcased its first flex-fuel mass segment prototype and plans to launch it by FY 2025.
  • The company has increased the use of railways for dispatching finished vehicles, which has resulted in a reduction of 6,700 MT of carbon emissions.

Statistics:

  • Total solar power capacity: 48.15 MWp
  • Power requirement to be met through renewable energy by FY 2024-25: 30%
  • Percentage of metallic scraps recycled: 100%
  • Percentage of water requirement met through recycling: 65%
  • Vehicles currently being manufactured that are more than 90% recyclable: All
  • Number of flex fuel vehicles to be launched by FY 2025: 1

Sources:

  • Maruti Suzuki India Limited
  • Ministry of Road Transport and Highways (MoRTH)
  • [Category: Energy Equipment & Services, Automobiles, Automobile Manufacturers, Renewable Electricity, Business Expansion, ESG]
  • https://morth.nic.in/sites/default/files/circulars_document/ANNUAL%20FUEL%20CONSUMPTION%20COMPLIANCE%20REPORT-21-22.pdf