Honda has officially entered India’s growing clean energy market by acquiring a stake in OMC Power, a leading renewable energy company. While the deal size remains undisclosed, it marks Honda’s first move into India’s distributed clean energy sector.
OMC Power CEO Rohit Chandra said that Japan’s Chubu Electric holds slightly over 30% in the firm, Mitsui owns more than 26%, and with Honda’s new stake, the three Japanese investors now control about 70% of the company.
OMC Power plans to raise ₹25–30 billion ($284–341 million) in debt over the next three years, with funding talks underway with the State Bank of India and several international lenders. The funds will help build 1 gigawatt of distributed clean energy capacity by 2028.
Currently, OMC Power runs more than 500 renewable energy plants across northern and central India, supplying electricity to telecom operators, healthcare facilities, small businesses, and rural households through mini-grids and battery storage.
As part of the partnership, OMC Power will repurpose Honda’s detachable EV batteries—originally used in electric two- and three-wheelers—for clean energy storage. The project, starting in January 2026, aims to extend battery life and power small businesses and rural homes sustainably.
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