Maruti Suzuki Share Price Rises as Company Boosts Solar Power Capacity

Market Performance

Maruti Suzuki India Ltd's shares gained nearly 1% on June 4, trading at ₹12,241 on the NSE. The stock's 52-week high is ₹13,680, while its 52-week low is ₹10,725. With a market capitalization of ₹3.84 lakh Crore, the company remains a main player in India's automotive sector.

Key Development: Solar Power Expansion

Maruti Suzuki has expanded its solar power capacity at two major production facilities:

• Kharkhoda unit: 20 MWp added
• Manesar unit: 10 MWp added

This increases the company's total solar capacity to 79 MWp, up from 49 MWp last year.

Future Solar Energy Goals

• Target: 319 MWp by 2030-31
• Investment: ₹925 Crore
• Renewable Energy Share: Expected to reach 85% of total electricity consumption

Company Financials (Q4 FY24)

• Revenue: ₹40,674 Crore
• Net Profit: ₹3,711 Crore

Sustainability Commitment

Maruti Suzuki's CEO, Hisashi Takeuchi, emphasized the company's focus on renewable energy, aligning with:

• Suzuki Motor Corporation's Environment Vision 2050
• Indian Government's push for clean energy

The expansion supports Maruti's goal of sustainable growth as it scales production to 4 million units annually.

Summary

Maruti Suzuki's share price rose after the company announced a solar power expansion, reinforcing its commitment to sustainability. With strong financial performance and ambitious green energy targets, the company continues to strengthen its market position.

This move not only supports environmental goals but also enhances long-term operational efficiency, making it a key development for investors.