Shakti Pumps India set to manufacture EV motors, chargers
Shakti Pumps India has announced that it is venturing into the manufacturing of motors, chargers, controllers, and drives for electric vehicles, through a wholly-owned subsidiary.
The company's board recently approved the incorporation of a wholly-owned subsidiary to make a venture into the EV segment with the manufacturing of motors, chargers, controllers, and multi-application component variable frequency drives (VFDs) for electric vehicles, the company said in a declaration.
Dinesh Patidar, Chairman, and Managing Director, Shakti Pumps India stated, "We have over 30 years of experience in manufacturing electric motors and five years of manufacturing power electronics equipment."
He added that with this experience and confidence of expertise, the company will now, through a wholly-owned subsidiary, manufacture and supply the battery chargers, controllers, and motors that the electric vehicles market requires.
