Maruti Suzuki spends Rs. 100 Cr on social development in 2021-22

The funds allocated are however fully used, due to lower profitability over the last 2-3 years, the CSR budget has experienced a substantial decrease.


NEW DELHI (India CSR): Maruti Suzuki India Limited spent Rs. 100.7 Crore on Corporate Social Responsibility (CSR) projects in the financial year 2021-22, using the full budget for this purpose. Total corporate social responsibility (CSR) spending for the year was calculated at 2.67% of its net profit.

Maruti Suzuki’s prescribed CSR expenditure for the financial year 2021-22 was Rs. 96.12 billion.

The company has fully spent the amount required for Corporate Social Responsibility (CSR) and there is no unspent CSR amount for the year requiring a transfer to a fund specified in Schedule VII of the Companies Act. companies or a special account in accordance with the provision of sub-article (6) of article 135 of the said law.

The Company undertakes corporate social responsibility (CSR) initiatives in the areas of road safety, skills development and community development in line with national development priorities.

The CSR program continues as approved by the Board. The funds allocated are however fully used, due to lower profitability over the last 2-3 years, the CSR budget has experienced a substantial decrease.

The hospital and school in Gujarat are working well and the people of this region are very happy with the new facilities. The focus on road safety continues.

The company, in partnership with the philanthropic arm of Zydus Group of Hospitals, Ahmedabad has set up a 50-bed multi-specialty hospital in Sitapur, Gujarat as part of its CSR program. More than 25,000 people from 25 neighboring villages have benefited from the health services of this hospital in the financial year 2021-22.

The Company has set up a school in Sitapur, Gujarat, in partnership with Podar Education Network. Its main wing has been operational since April 2021. 150 children from nearby local communities study in the school.

The company supports 69 Industrial Training Institutes (ITIs) across the country to provide vocational training. The society has adopted 30 ITIs in various states and more than 6,800 students have been trained in 2021-22.

The company’s CSR policy aims to create a lasting impact in the local community and society at large. As a policy, the company’s CSR activities focus on strategic areas including community development, road safety, skills development and COVID-19 response.

The Company’s CSR activities are guided by the CSR Committee and all projects are regularly monitored and reviewed by the Committee for their impact on beneficiaries.

Community development projects are undertaken in 26 villages around the Company’s facilities in Haryana (Gurugram, Manesar and Rohtak) and Gujarat. Initiatives focus on health, education, water and sanitation, and common community infrastructure.

Maruti Suzuki fetches over Rs 140 Cr. corporate social responsibility (CSR) spending in FY 2020-21 – CSR in India

Joel C. Hicks