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India

Shakti Pumps, India invests in EV subsidiary Shakti EV Mobility

On October 22, Shakti Pumps (India) invested INR 120 million in its wholly owned subsidiary, Shakti EV Mobility Private Limited. This takes the parent company’s total investment in the EV unit to INR 920 million. Shakti Pumps said the investment will support the initiation and expansion of the subsidiary’s business
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