Shakti Pumps (India) Ltd. is charging into the electric vehicle (EV) space with gusto. On February 27, 2025, the company announced a ₹6 crore investment in its wholly owned subsidiary, Shakti EV Mobility Pvt. Ltd. This move bumps their total stake to ₹45 crore. It’s a big step for a pump maker branching into EVs, and it’s got people talking.
What’s the Money For?
The cash isn’t just sitting pretty—it’s fueling growth. Shakti Pumps subscribed to 60 lakh equity shares at ₹10 each. The goal? Expand Shakti EV Mobility’s work in manufacturing EV motors and chargers. “This investment aims to support the initiation and expansion of Shakti EV Mobility’s business operations,” the company said in a filing. With India’s EV market heating up, they’re not wasting time.
A Steady Climb in EV Investment
This isn’t Shakti’s first ride with EVs. On February 17, they dropped ₹4 crore into the same subsidiary, pushing their investment to ₹39 crore then. Now, with this ₹6 crore top-up, it’s clear they’re all in. Shakti EV Mobility, born as Shakti Green Industries in 2021, had a turnover of ₹430.09 lakh as of March 31, 2024. Small, but growing—and this cash should speed things up.
Why EVs Matter to Shakti
Shakti’s got a solid rep in pumps—think solar and submersible models. But EVs are the new frontier. India’s aiming for 30% EV sales by 2030, and companies like Shakti want a slice. Their subsidiary’s churning out motors for two-wheelers, three-wheelers, even four-wheelers, plus chargers to keep them humming. It’s a pivot from water to watts, and it’s starting to make sense.
Numbers That Tell the Story
Shakti’s not just dreaming big—they’re delivering. In Q3 FY25, their consolidated net profit soared 130.25% to ₹104.05 crore, up from ₹45.19 crore the year before. Sales jumped 30.9% to ₹648.77 crore. That’s serious momentum. Their market cap’s hovering around ₹10,576.73 crore, per recent buzz on X. This EV push could keep the growth engine roaring.
Challenges and Competition
It’s not all smooth roads ahead. The EV market’s crowded—think Ola Electric and Ather zooming around. Shakti’s stock took a hit too, slipping 2.75% to ₹821.90 on BSE after a wild ride from a 52-week high of ₹1,999.95. Scaling up EV production needs tech, supply chains, and grit. But with no regulatory approvals needed for this deal, they’ve got a head start.
What’s Next for Shakti?
This ₹6 crore injection is a spark, not the whole fire. Shakti’s balancing its pump legacy with this EV bet. Posts on X are hyping it—some call it a “smart move” for India’s green wave. If they nail the execution, Shakti EV Mobility could power up homes and highways alike. For now, it’s a company on the move, literally and figuratively. Keep an eye on this one—it’s got juice.
