141
/
1
Min Read
Shakti Pumps (India) Limited has invested 5 crore in its wholly owned subsidiary, Shakti EV Mobility Private Limited. The company disclosed the investment in a regulatory filing submitted to the stock exchanges.
The capital infusion was made through the cash subscription of 50 lakh equity shares with a face value of 10 each. Following the investment, the parent company’s total consolidated investment in its electric mobility unit has increased to ₹70 crore.
According to the company, the primary objective of the funding is to support the operational expansion of its subsidiary. Incorporated in December 2021, Shakti EV Mobility is engaged in the engineering and manufacturing of electric vehicle powertrain components. The company develops motors, charger controllers and other components for electric two-wheelers, three-wheelers, four-wheelers and special-purpose electric vehicles.
In its regulatory disclosure, the company also shared the financial performance of its domestic EV component business. The subsidiary recorded a turnover of 24.25 crore in FY26, compared with ₹3.73 crore in FY25. The growth reflects the strong expansion of the company’s EV component business.
