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Xylem & Lorentz Partner for Solar-Powered Pumping Solutions
Shakti Pumps India on Tuesday (Nov 30) said it is making a foray into the manufacturing of motors, chargers, controllers and drives for electric vehicles, through a wholly-owned subsidiary.
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The company's board recently approved the incorporation of a wholly-owned subsidiary to make a foray into the EV segment with the manufacturing of motors, chargers, controllers and multi-application component variable frequency drives (VFDs) for electric vehicles, Shakti Pumps India said in a statement.
Shakti Pumps India Chairman and Managing Director Dinesh Patidar said, "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.
Shakti Pumps India manufactures and supplies solar pumps and motorised pumps. It recently launched a new range of advanced solar energy-operated pumps and has been able / to carve out a niche space for its brand across domestic and international markets.
The SIMHA 2.0 Universal Drive is an upgraded version of SIMHA that was launched in 2018. Leading a new start, the product upgrade comes with an IP 65 design that makes it dust proof and rain proof, offers plug and play shock proof connectors and is powered with a remote monitoring system. An advanced MPPT algorithm puts it in the range of premium renewable energy products, claims the company.
The company has two factories at Pithampur in Madhya Pradesh and has sold a total of 35,000 solar pumps in 2020-21, including 25,000 solar pumps sold under the KUSUM scheme.
As a channel partner for the Ministry of New & Renewable Energy (MNRE), Shakti Pumps has a range of solar pumps between 1HP to 100 HP that are simple and easy to operate, offering 40% more discharge than other ordinary pumps.
