According to a regulatory filing submitted to the stock exchanges, Shakti Pumps (India) Ltd has invested ₹5 crore in its wholly owned subsidiary, Shakti EV Mobility Pvt Ltd, to support the company’s operational expansion.
The investment was made through subscription of 50 lakh equity shares with face value of ₹10. After the latest capital infusion, Shakti Pumps’ total investment in its electric mobility subsidiary has increased to ₹70 crore.
Established in December 2021, Shakti EV Mobility focuses on the design, engineering and manufacturing of electric vehicle powertrain components, including electric motors and charger controllers for electric two-wheelers, three-wheelers, four-wheelers and specialty electric vehicles.
The regulatory filing also highlighted the subsidiary’s strong business growth. Shakti EV Mobility reported a turnover of ₹24.25 crore in FY26, significantly higher than ₹3.73 crore in FY25, reflecting the company’s growing presence in India’s electric vehicle component market.