Wednesday, Sep 23, 2020 | Last Update : 06:20 PM IST

182nd Day Of Lockdown

Maharashtra122438091634833015 Andhra Pradesh6317495518215410 Tamil Nadu5473374919718871 Karnataka5268764233778145 Uttar Pradesh3588932895945135 Delhi2492592133045014 West Bengal2283021989834421 Odisha184122149379763 Telangana1726081419301042 Bihar169856155824870 Assam159320129130578 Kerala13863398720554 Gujarat1247671051913337 Rajasthan116881972841352 Haryana113075908841177 Madhya Pradesh108167836182007 Punjab99930754092860 Chhatisgarh8618347653680 Jharkhand7267358543626 Jammu and Kashmir65026421151024 Uttarakhand4177729000501 Goa2875322726360 Puducherry2319118065467 Tripura2227215441245 Himachal Pradesh124387836125 Chandigarh102987411123 Manipur9010683859 Arunachal Pradesh7385540813 Nagaland5544445110 Meghalaya4733252838 Sikkim2447190529 Mizoram158510120
  Business   Autos  15 May 2017  Maruti earmarks Rs 140 crore for CSR activities this fiscal

Maruti earmarks Rs 140 crore for CSR activities this fiscal

PTI
Published : May 15, 2017, 5:41 pm IST
Updated : May 15, 2017, 5:41 pm IST

MSI has earmarked a total of Rs 4,500 crore capex for the current financial year.

The carmaker had invested Rs 89.45 crore in 2016-17.
 The carmaker had invested Rs 89.45 crore in 2016-17.

New Delhi: Country's largest carmaker Maruti Suzuki India (MSI) has earmarked Rs 140 crore for various CSR activities, including road safety initiatives, for the current financial year.

As part of various activities planned during the fiscal, the company is looking to explore innovative technology in the area of road safety for traffic management and control as part of its corporate social responsibility (CSR) initiatives. It has also included healthcare as a focus area under community development.

 

"Through CSR projects, we aim to create positive impact. The quality of life in the adopted villages has improved, over 90 per cent of the individual household toilets constructed are used regularly," MSI Head of CSR Ranjit Singh told PTI.

There is an increase in the pass percentage of students in the supported schools, he added. MSI has adopted 14 new villages in last three years. The company's board has already approved Rs 140 crore for CSR activities in 2017-18. The carmaker had invested Rs 89.45 crore in 2016-17, 140 per cent more than 2014-15 and 14 per cent more than 2015-16 on CSR activities.

Last fiscal, it trained 2.95 lakh drivers in safe driving while adding 40 new driving training schools making it 400 across 190 cities. It also released a comprehensive pan-India road safety index. Besides, it doubled recruitment of ITI students across its dealer service network. Over, 2,200 students were placed during the last fiscal as against 1,100 in 2015-16.

 

The company said it upgraded 25 new ITIs in last three years under skill development programme. MSI has earmarked a total of Rs 4,500 crore capex for the current financial year.

The amount would be spent on various activities including replacement of machinery, R&D and marketing initiatives. On R&D alone, the company plans to invest in the range of Rs 700-1,000 crore during the year. MSI had earmarked Rs 3,500 crore capex last fiscal.

Tags: maruti suzuki india, csr, investment, road safety
Location: India, Delhi, New Delhi