Expanding its renewable energy footprint, Honda Motor has invested in OMC Power to co-develop battery solutions for India’s clean energy transition.
Japanese automaker Honda Motor has acquired a stake in Indian renewable energy company OMC Power to jointly develop clean energy storage batteries, marking its entry into India’s distributed clean energy sector. OMC Power, backed by Mitsui & Co and Chubu Electric Power, did not disclose the size or value of Honda’s investment.
OMC Power Chief Executive Rohit Chandra said Chubu holds slightly over 30% of the company, while Mitsui owns more than 26%. With Honda’s addition, the three Japanese firms now collectively control about 70% of the Indian renewables venture.
The company plans to raise an additional ₹25–30 billion in debt over the next three years through talks with State Bank of India and international lenders. The funds, along with Honda’s investment, will support OMC Power’s target to build 1 gigawatt of distributed clean energy capacity within three years.
As part of the collaboration, OMC Power will repurpose Honda’s detachable and portable batteries originally designed for electric two- and three-wheelers into storage systems for powering small businesses and rural homes. The project, set to begin in January 2026, aims to extend the lifecycle of used EV batteries while expanding energy access in underserved regions.
OMC Power currently operates more than 500 renewable energy plants across northern and central India, supplying electricity to telecom firms, healthcare providers, and rural communities.
