The partnership is built over four years of collaboration and feasibility studies. Show Quick Read Summary is AI Generated. Newsroom Reviewed

Japanese auto giant Honda Motor Co Ltd has made its first investment in India’s distributed energy space by acquiring a minority stake, estimated between 5% and 10% in OMC Power, as per PTI said citing industry sources.

The partnership, built over four years of collaboration and feasibility studies, is expected to leverage Honda’s technical expertise while supporting OMC’s ambitious 1 GW renewable energy portfolio in India.

The investment has come at a time when OMC Power is entering into a new business vertical where the company will deploy electric vehicle (EV) batteries as battery energy storage system (BESS) solution, and re-purpose the o

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