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Expansion▲ Bullish for Maruti Suzuki
Maruti Suzuki commissions 300 kW green hydrogen pilot plant at Manesar
The brief
- The 300 kW pilot plant will use surplus solar power to produce hydrogen for manufacturing
- Maruti targets cutting manufacturing carbon emissions from 615,000 tonnes to 266,000 tonnes by FY31
- Cleaner manufacturing may support Maruti Suzuki’s emissions goals and strengthen its positioning with Indian auto investors
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| MARUTI | Thu, 24 Sept | −2.0% | −0.3% | 1.0× | −1.3% · Nifty −1.3% |
○ Classifier read this as positive; MARUTI barely moved against the Nifty on the day it traded.
- Suzuki targets India production capacity of 4 million units annually by FY30
- Suzuki targets 24-month vehicle development by decade-end
- Suzuki targets 4 million-unit India capacity by FY30, halves development time