Investment21 Apr 2026, 05:11 pm
Shakti Pumps invests \u20b910 Cr in EV Mobility subsidiary
AI Summary
Shakti Pumps India Ltd has invested an additional \u20b910.00 Crores in its wholly-owned subsidiary, Shakti EV Mobility Private Limited, by subscribing to 1 Crore equity shares. This investment increases the consolidated investment in the subsidiary to \u20b965.00 Crores. Shakti EV Mobility, incorporated in December 2021, is engaged in manufacturing electric vehicle motors and chargers. The investment aims to initiate and expand the subsidiary's business in the electric vehicle sector.
Key Highlights
- Shakti Pumps invested \u20b910 Crores in its wholly-owned EV Mobility subsidiary.
- The total consolidated investment in the subsidiary is now \u20b965 Crores.
- Shakti EV Mobility manufactures electric vehicle motors and chargers.
- The investment is intended to expand the subsidiary's EV business.