Honda Motor acquires stake in OMC Power to develop clean energy batteries
Indian renewables firm OMC Power, backed by Japan’s Mitsui & Co and Chubu Electric Power, said on Monday that automaker Honda Motor has acquired a stake in the company to jointly develop clean energy storage batteries.
OMC Power did not disclose the size of the stake or financial details. The deal marks Honda’s entry into India’s distributed clean energy industry.
