Shakti Pumps Adds INR 5 Crore to EV Subsidiary, Lifting Total Investment to INR 80 Crore
By Eve
Shakti Pumps (India) Limited invested an additional INR 5 crore in its wholly owned subsidiary Shakti EV Mobility Private Limited on 13 October 2026, bringing total investment to INR 80 crore. The subsidiary, incorporated in December 2021, manufactures electric vehicle motors for two wheelers, three wheelers, four wheelers and special purpose vehicles, alongside EV chargers and controllers. The cash investment supports scaling operations across the electric mobility sector.
Why it matters
The INR 80 crore commitment signals sustained capital deployment in Indian EV manufacturing, with the subsidiary's charger production directly relevant to procurement teams seeking domestic supply chains. Expansion of charger and controller capabilities could create new tender opportunities for CPOs and fleet operators in India.
Source
- Original title
- “Shakti Pumps Invests INR 5 Crore in EV Subsidiary, Taking Total Investment To INR 80 Crore”
- Published
- 13 October 2026
In this story
- Topic
- Electric Vehicles
- Place
- India
- Tag
- Shakti Pumps
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