Shakti Pumps (India) Limited has invested an additional ₹5 crore in its wholly owned subsidiary, Shakti EV Mobility Private Limited, to support the expansion and development of its electric vehicle business. The investment was completed on October 13, 2026, through the subscription of 5,00,000 equity shares with a face value of ₹10 each. Following this latest capital infusion, the company’s total investment in the subsidiary has increased to ₹80 crore.
The investment was made entirely in cash and is intended to provide financial support for initiating and scaling up the subsidiary’s business operations. The transaction does not involve any related-party complications, and no government or regulatory approvals were required for its completion.
Shakti EV Mobility Private Limited was incorporated on December 16, 2021, and operates in the electric mobility sector. The subsidiary focuses on manufacturing electric vehicle motors for various applications, including two-wheelers, three-wheelers, four-wheelers and special-purpose vehicles. Its product portfolio also includes electric vehicle chargers and controllers, catering to the growing demand for electric mobility solutions.
The additional investment reflects Shakti Pumps’ continued efforts to strengthen its presence in the electric vehicle manufacturing market. By providing further financial resources to its subsidiary, the company aims to support operational development and expand its capabilities across different segments of the EV industry.
As of March 31, 2026, Shakti EV Mobility Private Limited reported total assets of ₹128.57 crore, equivalent to ₹12,857.28 lakh. The subsidiary has also recorded growth in its annual turnover in recent years, indicating increasing business activity amid the expansion of the electric vehicle and clean mobility markets.
The latest capital infusion comes as electric mobility gains importance in India’s broader transition towards cleaner transportation and energy-efficient technologies. Demand for electric vehicle components, including motors, chargers and controllers, is creating opportunities for manufacturers to expand their product offerings and production capabilities.
Through its continued financial support for Shakti EV Mobility, Shakti Pumps is positioning its subsidiary to develop its operations and pursue opportunities in India’s evolving electric vehicle ecosystem.
