Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) is adopting a 58 MWp captive solar plant that is expected to generate about 100 million units of power annually beginning 2022. Located in Parbhani district in the Marathwada region of Maharashtra, the solar plant will be built, owned, and operated for a period of 25 years by ReNew Sunlight Energy, which is a 100 per cent subsidiary of ReNew Power.

This project is a big step from M&M towards the protection and revival of natural ecosystems. The project will quadruple M&M’s renewable power share from 12 per cent to 56 per cent across Maharashtra, including Mumbai, Nashik, Pune, Igatpuri and Nagpur. With this project, M&M is set to make significant progress towards achieving carbon neutrality and Science Based Targets by mitigating 79,000 tons of carbon emissions per year. This is equivalent to nurturing 3.7 million trees every year or providing a year’s supply of power to about 20,650 Indian households.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.