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HONDA MOTOR BUYS STAKE IN INDIA'S OMC POWER TO DEVELOP CLEAN ENERGY BATTERIES

  • NEWS Desk Global
  • 2 hours ago
  • 1 min read

ree

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.


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