Archive · 27 Sep 2025
Waaree Energies Faces US Probe Over Tariff Evasion Allegations
The US government is investigating Waaree Energies, a major Indian solar panel maker.
The investigation is about whether Waaree mislabeled solar panels to avoid paying tariffs.
US authorities believe Waaree might have imported solar cells from China and other Southeast Asian countries but labeled them as made in India.
Waaree states they will cooperate with the investigation.
This news caused the company's stock price to drop.
Waaree operates a solar panel factory in Texas, which is currently expanding its production capacity.
Waaree Energies is under investigation by US Customs and Border Protection.
The probe concerns alleged evasion of anti-dumping duties on solar cells.
The company's stock price dropped following the investigation announcement.
Waaree states it will cooperate with the US investigation.
Waaree has a module manufacturing facility in Texas.
- Who
- Waaree Energies, US Customs and Border Protection
- What
- Investigation into alleged tariff evasion
- When
- Ongoing; initiated recently
- Where
- United States
- Why
- Suspicion of mislabeling solar cells from China
Waaree Energies
US Authorities
Compliance
Waaree Energies
Waaree Energies states it abides by all local laws and regulations.
US Authorities
US authorities suspect Waaree of non-compliance with tariff regulations.
- Subject
- US Investigation of Waaree Energies
- Company
- Waaree Energies
- Allegation
- Evasion of tariffs on Chinese solar cells
- Investigation Body
- US Customs and Border Protection
- Stock Impact
- Shares fell over 7% to ₹3,207.3
- US Operations
- 1.6 GW Texas module factory (expanding to 3.2 GW)
Sources
US probes Waaree Energies for alleged duty evasion on solar panel imports
Waaree Energies shares plunge 5%: US probes tax evasion, mislabelling concerns
Waaree Energies shares tumble 6% amid US duty evasion probe, exchanges seek clarity
Amid US Tariff Evasion Probe Noise, Waaree Energies Breaks Silence With Compliance Statement
Waaree ramps up US capacity with 1 GW bargain buy, but controversies cast a shadow
Waaree Energies hit 6 week low over US duty evasion probe; analysts see up to 46% rise
Will continue to cooperate with US investigators: Waaree Energies
Waaree Energies says it will co-operate in ongoing US investigations