Shakti Pumps invested ₹6 crore in Shakti EV Mobility, its EV motor and charger subsidiary, raising total investment to ₹45 crore. This capital injection, via 60 lakh equity shares, aims to expand Shakti EV Mobility's operations in India's electric vehicle component market. The subsidiary, with ₹430.09 lakh turnover as of March 2024, focuses on motors for various EV types.