Shakti Pumps Invests ₹50 Million in Shakti EV Mobility to Drive Innovation

Shakti Pumps (India) Ltd has announced a strategic investment of ₹50 million in its wholly-owned subsidiary, Shakti EV Mobility. This move underscores the company's commitment to expanding its footprint in the electric vehicle (EV) sector and fostering innovation in sustainable mobility solutions.
Key Highlights:
•    Investment Amount: ₹50 million.
•    Subsidiary Focus: Manufacturing EV motors, controllers, chargers, and power electronics equipment.
•    Strategic Impact: Strengthens Shakti Pumps' position in the EV industry and aligns with India's green energy goals.
This development reflects Shakti Pumps' dedication to leveraging its expertise in motors and power electronics to contribute to the growing demand for eco-friendly transportation solutions.

Sources: Business Standard, Shakti EV Mobility.