Honda Motor Co. has acquired a minority stake of 5–10 percent in India’s OMC Power, a Mitsui & Co.-backed distributed renewable energy firm. The investment supports OMC’s 1 GW clean energy goal and its new battery storage vertical, marking Honda’s entry into India’s green infrastructure space.
Honda Motor Co. Ltd. has made a strategic equity investment in OMC Power, a distributed renewable energy company based in India and backed by Mitsui & Co. The Japanese auto major has picked up a 5–10 percent minority stake, aligning with OMC’s ambitious plan to build a 1 GW renewable energy portfolio across rural India.
Notable updates
- Honda’s investment marks its entry into India’s distributed energy sector, focusing on rural electrification and sustainability
- OMC Power is expanding into battery energy storage systems (BESS), repurposing electric vehicle batteries for UPS-like applications
- The partnership combines Honda’s global tech expertise with OMC’s grassroots energy delivery model
- Talks between the two companies had been ongoing for over four years, culminating in this strategic collaboration
- The investment is expected to accelerate OMC’s clean energy deployment and support India’s broader energy transition goals
- Honda may consider increasing its stake in future phases, depending on operational synergies and market response
This move reflects growing global interest in India’s renewable energy landscape and signals deeper collaboration between automotive and energy sectors.
Sources: Outlook Business, The Hindu Business Line, Rediff Money News, Tribune India