TL;DR
Shakti Pumps (India) invested ₹5 crore in its subsidiary, Shakti EV Mobility, to expand operations in manufacturing EV motors and chargers for two, three, and four-wheelers.
Shakti Pumps (India) has announced an investment of ₹5 crore into its wholly-owned subsidiary, Shakti EV Mobility. This capital infusion is earmarked for initiating and expanding the business operations of the EV mobility arm.
Shakti EV Mobility specializes in manufacturing electric vehicle motors for a diverse range of vehicles, including two-wheelers, three-wheelers, four-wheelers, and specialized electric vehicles. The subsidiary also produces chargers for electric vehicles. In the fiscal year 2026, Shakti EV Mobility reported a turnover of ₹24.25 crore.
Following this latest investment, Shakti Pumps' total investment in its EV mobility subsidiary now stands at ₹75 crore. This strategic move highlights Shakti Pumps' commitment to strengthening its presence in the rapidly evolving electric vehicle component manufacturing sector.
