When I read the latest concall, I understood that Shakti Pump Management has been also moving into “EV Mobility” with investment of 114.3 crores.
My question is, aren’t they moving away from their core business (talking of solar pumps only), which still has huge untapped market to capture in India and at the same time much more in Europe and/or Americas. I feel like management is diversifying its focus, which might be detrimental to the innovation and brand in medium term.
Maybe someone can comment, am I right in thinking like this?
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