Solar Demand EV Battery: Shakti Pumps (India) Ltd. is rapidly evolving from a traditional water pump manufacturer to a major clean energy player. As India accelerates its shift to renewable energy and electric mobility, FY26 could become a breakthrough year for the company. With robust government support, growing solar demand, and forays into EV battery components, Shakti Pumps seems well-positioned for long-term growth.
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Solar Demand EV Battery: Why FY26 Could Be a Turning Point
| Aspect | Details |
|---|---|
| Company | Shakti Pumps (India) Ltd. |
| Industry Focus | Renewable energy (Solar pumps), Agricultural irrigation, Electric vehicle components |
| Growth Outlook FY26 | Positive and expanding across sectors due to strong government support, solar adoption, and diversification into EV technology |
| Key Drivers | – PM-KUSUM government scheme – Solar pump demand – EV battery motor/controller manufacturing – Strong Q3 FY25 performance |
Solar Demand EV Battery: Solar Pumping Demand
| What’s Driving It | Explanation |
|---|---|
| PM-KUSUM Scheme | A government initiative to promote solar irrigation pumps and reduce reliance on diesel. Farmers get up to 90% subsidy. |
| Key Contracts Won | – ₹1,603 crore order in Maharashtra (50,000 solar pumps) – ₹851 crore order in Uttar Pradesh (22,537 pumps) – ₹350 crore in Haryana |
| Impact on Revenue | Major contributor to 143% YoY revenue growth in FY25 (9-month figures). |
| Rural Reach | Helps farmers with affordable irrigation, while supporting the government’s push for clean energy. |
Financial Performance: A Snapshot
| Metric | Q3 FY25 | 9M FY25 (Apr–Dec 2024) |
|---|---|---|
| Revenue | ₹6,488 million | ₹18,509 million (up 143.1% YoY) |
| Profit After Tax | ₹1,040 million | ₹2,981 million (up 472.8% YoY) |
| Export Growth | – | ₹3,119 crore (up 58% YoY) |
| New Market | Jharkhand – ₹9.4 crore order for 400 solar pumps |
Strategic Plans & Innovation Pipeline
| Future Plans | Details |
|---|---|
| Production Capacity | Plan to double pump and EV component manufacturing units |
| Backward Integration | Manufacturing critical components in-house to reduce costs and improve margins |
| Patents Filed | 15 granted, 29 pending – focused on energy efficiency, solar, and EV motors |
| Global Contracts | Plan to double the pump and EV component manufacturing units |
Conclusion
Shakti Pumps is no longer just a pump company — it’s becoming a key player in India’s clean energy and mobility revolution. With a solid pipeline of government orders, strategic EV investments, and strong financials, FY26 could mark a new era of growth.
Bhakti Rawat is a Founder & Writer of InsureMyCar360.com. This site Provides You with Information Related To the Best Auto Insurance Updates & comparisons. 🔗