Leading Indian carmaker Maruti Suzuki India on Tuesday released its Annual Integrated Report for FY22, titled- 40 years of Maruti Suzuki - Joy of Mobility.
R C Bhargava, Chairman, Maruti Suzuki India, said with the 40 years of wonderful partnership, the company is intending to launch a number of new initiatives.
The report noted that in the fiscal the carmaker manufactured 1,652,653 units of its four- wheelers for domestic sales and exports.
Moreover, the company also registered for sales worth of INR 837,981 crore in the financial year compared to INR 665,621 crore in FY21.
Bhargava stated in FY23 the vehicle production is likely to increase as the situation regarding the availability of semi-conductors has improved.
“The company has also made further improvisations to enhance production. I am exhorting our team to reach two million units, though doing that remains a challenge,” he added.
Kenichi Ayukawa, Executive Vice Chairman, Maruti Suzuki India, said, “Changes in technology, customer preference and many more aspects will surely bring more challenges.”
Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India, said that with the introduction of strong hybrid technology in Grand Vitara, the company has taken a major step towards electrification with plans to introduce first electric vehicle in the Indian market by 2025.
Interestingly, Suzuki has announced to invest around INR 10,400 crore for manufacturing EVs and batteries in Suzuki Motor Gujarat (SMG) plant.
Besides, the company also noted to have generated 26.3 MW of energy through solar power for operations in Gurgaon and Manesar, while the aim is to add another 21.85 MW by 2024, the chairman said.
He added, “At Kharkhoda site, we plan to install another 20 MW of solar energy from the very beginning.”