Shakti Pumps Invests ₹5 Crore in EV Subsidiary to Boost Production

The capital infusion in Shakti EV Mobility Private Limited will accelerate the manufacturing of electric vehicle motors and chargers.

Shakti Pumps (India) Limited has furthered its commitment to the green energy transition by investing an additional ₹5 crore into its wholly-owned subsidiary, Shakti EV Mobility Private Limited (SEVMPL). The investment, executed on July 17, 2026, through the subscription of 50 lakh equity shares at a face value of ₹10 each, brings the parent company’s total consolidated investment in the subsidiary to ₹70 crore.

Expanding the EV Component Ecosystem

Since its incorporation on December 16, 2021, Shakti EV Mobility has focused on developing critical components for the electric vehicle (EV) sector. The subsidiary operates a state-of-the-art manufacturing facility in Pithampur, Madhya Pradesh, where it produces BLDC motors, induction motors, PMSM motors, controllers, chargers, and variable frequency drives (VFDs) for EV applications.

This latest round of funding is intended to bolster the subsidiary’s manufacturing capabilities and support its ongoing product development in the EV ecosystem. The company’s product range is designed to serve a diverse array of vehicles, including two-wheelers, three-wheelers, four-wheelers, and specialized machinery like road sweepers and e-rickshaws.

Strong Financial Growth

The subsidiary has demonstrated significant revenue growth, reflecting the rising demand for electric mobility solutions in India. According to financial disclosures, SEVMPL reported a turnover of ₹2,425.41 lakh in FY 2026, a substantial increase from ₹372.73 lakh in FY 2025 and ₹430.09 lakh in FY 2024. As of March 31, 2026, the subsidiary's total asset size was reported at ₹12,857.28 lakh.

Official Sources

According to company filings, the transaction was conducted at arm’s length and does not constitute a related-party transaction. The investment was paid in cash, and no specific governmental or regulatory approvals were required to complete the subscription. The company continues to operate in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Why It Matters

For Shakti Pumps, this investment marks a strategic push to diversify its business beyond its core pump manufacturing segment. By leveraging its 40 years of experience in motor technology and 5 years of expertise in power electronics, the company is positioning itself as a vertically integrated player in India's EV supply chain. For the broader market, the expansion of local manufacturing capacity for EV motors and chargers is seen as a vital step in reducing import dependence and promoting indigenous EV technology.

Key Facts at a Glance

• Investment Amount: ₹5 crore (bringing total investment to ₹70 crore).

• Subsidiary Focus: Manufacturing EV motors (BLDC, Induction, PMSM), chargers, and controllers.

• Facility Location: Pithampur, Dhar district, Madhya Pradesh.

• FY 2026 Turnover: ₹2,425.41 lakh, marking significant year-on-year growth.

FAQ

1. What is the objective of this investment?

The investment aims to expand manufacturing capacity and enhance product development for EV components, including motors and chargers.

2. What types of vehicles does Shakti EV Mobility serve?

The company produces components for two-wheelers, three-wheelers, four-wheelers, and special-purpose vehicles such as road sweepers and e-rickshaws.

3. Is Shakti EV Mobility a related party?

No, as a 100% wholly-owned subsidiary, the transaction is treated as an internal capital infusion rather than a related-party transaction.

Source: Shakti Pumps (India) Limited Regulatory Filings, ScanX Trade News