- Maruti Suzuki raised capex to Rs 77,500 crore for FY26-31 for expansion and R&D
- Capex for FY26-27 will increase 40% to Rs 14,000 crore from Rs 10,000 crore last year
- All Maruti Suzuki cars from 2008 production are compatible with E20 ethanol fuel
Car market leader Maruti Suzuki India has increased its capex outlay to Rs 77,500 crore for five years till FY31 for capacity expansion, new models and R&D among others, its Managing Director and CEO Hisashi Takeuchi said on Monday.
Responding to a query from shareholders at the company's annual general meeting, he also assured that Maruti Suzuki cars starting from production year 2008 are compatible with E20 fuel.
"Regarding the capex side for FY26-27, we have planned a 40 per cent jump in capex expenditure in a single year, from around Rs 10,000 crore last year to Rs 14,000 crore this year. Cumulatively, during FY26-27 to FY30-31, we have planned a capex of Rs 77,500 crore," he said in response to a shareholder query.
Last year, Toshihiro Suzuki, Representative Director and President of Suzuki Motor Corporation -- the parent of Maruti Suzuki India -- had stated that the company would invest Rs 70,000 crore in the next five to six years in India to strengthen its operations.
ALSO READ - From Colombia To Nigeria: Indian Motorcycles Now Power Roads Across 154 Nations
Elaborating where the investments would be utilised, Takeuchi said, "Capex is planned for capacity expansion, new model development, R&D activities, plant measures, marketing and sales infrastructure, carbon neutral measures, and logistics, and so on."
To another question about E20 fuel compatibility, Takeuchi said, "I would like to assure that all of our current ongoing products are E20 compatible products. Actually, we have improved our compatibility with ethanol from the production year 2008. So after 2008, all of our products are E20 compatible."
On sustainability efforts in manufacturing, he said the company is taking many steps to achieve carbon-neutral manufacturing, including increasing in-house solar capacity from 79.1 megawatts in FY25-26 to 211.3 megawatts by 2030-31, "which will cover almost 35 per cent of our total electricity requirements".
He further said, "The remaining portion we are going to buy green electricity mainly by solar and wind power for our plant operations." The company will also put up biomass plants at its Manesar and Kharkhoda factories and also at the new plant at Sanand in Gujarat.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)