Shakti Pumps (India) Limited — JV/Acquisition, 20-08-2026: Acquisition

Shakti Pumps has bolstered its commitment to the electric vehicle (EV) sector with a fresh ₹5 crore investment in its wholly-owned subsidiary, Shakti EV Mobility Private Limited. This brings the total consolidated investment in the EV arm to ₹75 crore. The move is strategically aimed at expanding the subsidiary's operations, which focus on manufacturing EV motors, chargers, and controllers. Shakti EV Mobility has demonstrated strong growth, boasting assets of ₹128.57 crore and an FY26 turnover of ₹24.25 crore, highlighting Shakti Pumps' drive into this high-potential market.