Shakti Pumps (India) Limited has infused ₹5 crore into its wholly owned subsidiary, Shakti EV Mobility Private Limited, to support the company’s operational expansion, according to a regulatory filing submitted to the stock exchanges.
The investment was made through the subscription of 50 lakh equity shares with a face value of ₹10 each. Following 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 specialised 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, marking a substantial increase from ₹3.73 crore in FY25, reflecting the company’s expanding presence in India’s electric vehicle component market.
