Honda Motor sets up battery sharing service subsidiary in India
Japanese auto major Honda Motor Co on Thursday said it has set up a battery sharing service subsidiary in India with a capital of Rs 135 crore.
The new subsidiary, Honda Power Pack Energy India Pvt Ltd, will offer battery sharing service for small mobility, which will accelerate the penetration of electric vehicles (EV), and will also provide technical support to vehicle OEMs, the company said in a statement.
It will address EV related issues such as limited range, long charging time, and high cost of batteries, the company added.
“It is planned to start battery sharing service for electric auto rickshaws (E-auto) from the first half of 2022 in Bengaluru, Karnataka and expand operations in other Indian cities in a phased manner,” the statement said.
