Shakti Pumps invests Rs 10 crore more in EV arm

Shakti Pumps (India) Limited has infused an additional Rs 10 crore into its wholly owned subsidiary, Shakti EV Mobility Private Limited, through the subscription of 1,00,00,000 equity shares at a face value of Rs 10 each. The transaction was completed on a cash basis.

With this tranche, Shakti Pumps’ total investment in Shakti EV Mobility stands at Rs 65 crore. The company stated that the investment aligns with its strategy to expand its presence in the electric vehicle (EV) component manufacturing segment.

Shakti EV Mobility, incorporated on December 16, 2021, manufactures EV motors and chargers for multiple vehicle categories, including two-wheelers, three-wheelers, four-wheelers, and special-purpose EVs. The subsidiary reported a turnover of Rs 3.73 crore in FY25, compared to Rs 4.30 crore in FY24. Its total asset base stood at Rs 10,121.83 lakhs as of March 31, 2025.

The capital infusion is intended to support the initiation and expansion of the subsidiary’s operations. The company clarified that no governmental or regulatory approvals were required for the transaction. As the investment involves a wholly owned subsidiary, it does not fall under related party transaction norms.