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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Maruti Suzuki India Ltd    MARUTI   INE585B01010

MARUTI SUZUKI INDIA LTD

(MARUTI)
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Maruti Suzuki India to Boost Green Manufacturing With New Solar Plant

06/05/2020 | 04:57am EST

By Fabiana Negrin Ochoa

 

Maruti Suzuki India Ltd. is bolstering its green manufacturing efforts with a new solar power plant in northern India.

India's largest car maker by market value said Friday that it is investing over 200 million rupees ($2.7 million) in a carport-style photovoltaic solar power plant at its manufacturing site in Gurugram, India.

The solar plant will help meet the internal energy requirements of the Gurugram site while also serving as a roof for the car park, Maruti said. It should offset 134,750 tons of carbon dioxide emissions over 25 years, the company said.

The average passenger vehicle emits about 4.6 metric tons of CO2 a year, according to an estimate by the U.S. Environmental Protection Agency.

The car maker has an ESG rating of BB from MSCI, implying an industry-average ESG performance. Peers Bajaj Auto and Hero MotoCorp are also in MSCI's three-tiered average band but rated at BBB and A, respectively.

 

Write to Fabiana Negrin Ochoa at fabiana.negrinochoa@dowjones.com

 

Stocks mentioned in the article
ChangeLast1st jan.
BAJAJ AUTO 0.12% 3580.3 Delayed Quote.3.96%
HERO MOTOCORP LIMITED -1.84% 3205 End-of-day quote.3.08%
MARUTI SUZUKI INDIA LTD -1.53% 8024.75 Delayed Quote.4.90%
SUZUKI CO.,LTD. -2.17% 1218 End-of-day quote.3.66%
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Financials
Sales 2021 674 B 9 216 M 9 216 M
Net income 2021 45 313 M 619 M 619 M
Net cash 2021 341 B 4 657 M 4 657 M
P/E ratio 2021 52,7x
Yield 2021 0,63%
Capitalization 2 424 B 33 139 M 33 135 M
EV / Sales 2021 3,09x
EV / Sales 2022 2,40x
Nbr of Employees 15 945
Free-Float 43,6%
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Maruti Suzuki India Ltd Technical Analysis Chart | MARUTI | INE585B01010 | MarketScreener
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Mean consensus -
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Last Close Price 8 024,75 
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Managers and Directors
NameTitle
Kenichi Ayukawa Chief Executive Officer, Executive Director & MD
Ravindra Chandra Bhargava Non-Executive Chairman
Ajay Seth CFO & Senior Executive Officer-Finance
Rajesh Uppal Senior Executive Officer-Human Resources & IT
Davinder Singh Brar Independent Non-Executive Director
Sector and Competitors