Maruti Suzuki Boosts Solar Power with New Projects at Kharkhoda, Manesar Plants

Maruti Suzuki India Ltd (MSIL) has expanded its solar power capacity by 30MWp, setting up a 20MWp solar plant at its upcoming Kharkhoda site in Haryana and enhancing the Manesar facility with an additional 10MWp. This move has boosted the company’s total solar capacity from 49MWp to 79MWp within a year.

Pushing Towards Green Energy

Along with expanding its solar energy capacity, Maruti is also raising its consumption of green electricity from the State Electricity Boards. These efforts are part of the company's broader plan to transition to cleaner energy and lower its environmental footprint.

Vision for 2030: 85% Green Power

Maruti’s Managing Director & CEO, Hisashi Takeuchi, stated that the company aims to expand its solar capacity to 319MWp by FY2030- 31, supported by an investment of over ₹925 crore. By that time, the company targets sourcing 85% of its total electricity from renewable energy.

Production Capacity Also Grows

Maruti Suzuki’s Kharkhoda facility started operations in February 2025, adding to its existing plants in Gurgaon, Manesar, and Gujarat. This expansion has boosted the company’s annual production capacity in India from 2.35 million to 2.6 million units.

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About Maruti Suzuki India Limited

Maruti Suzuki India Limited is a publicly traded Indian company and a subsidiary of Japan’s Suzuki Motor Corporation. It is the country’s leading carmaker, best known for producing small passenger vehicles.

Maruti Suzuki India Share Price Movement

On June 4, 2025, Maruti Suzuki India share price closed at ₹12,188, up 0.49%. During the day, it touched a high of ₹12,245 and a low of ₹12,128. The company’s market capitalisation stands at ₹3.83 lakh crore, with a price-to-earnings (P/E) ratio of 26.43 and a dividend yield of 1.11%. The stock has traded between a 52-week high of ₹13,680 and a 52-week low of ₹10,725.

Conclusion

Maruti Suzuki’s solar power expansion reflects its strong commitment to sustainability and green manufacturing. These efforts align with both India’s renewable energy goals and the United Nations Sustainable Development Goals, marking a significant step in reducing the company’s carbon footprint.

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