10 months ago
India's Solar Exports Drop in September
India's solar panel exports to the US dropped a lot in September because of new taxes and checks by the US.
Earlier this year, India was sending many solar panels to the US because US companies didn't want panels from China.
But now, the US is putting a 50% tax on Indian panels and checking if some panels are actually made in China but sent from India.
This has made Indian companies send fewer panels to the US.
Some Indian companies are now making more parts for panels instead of full panels to avoid too much supply in India.
Experts think smaller companies might have a hard time, but bigger companies that make all parts of the panel might do better.
India's solar module exports to the US fell to $80 million in September 2025 from $134 million in August 2025 due to US tariffs and investigations.
The US imposed a 50% tariff on Indian solar modules and is investigating whether Chinese-made components are being shipped from India.
India's approved solar module manufacturing capacity is 110 GW and is expected to reach 165 GW by March 2027.
The slowdown in exports has raised concerns about oversupply in the domestic market, where annual solar installations are below the 44–45 GW needed to meet 2030 renewable targets.
Some Indian companies are reducing module production and increasing cell and wafer production to avoid future price wars and overcapacity.
- Who
- Indian solar module manufacturers and the US government
- What
- A significant drop in India's solar module exports to the US due to tariffs and investigations
- Where
- India and the United States
- When
- September 2025
- Why
- US tariffs and investigations into Chinese-made components being shipped from India
Key facts
- Export Value (September 2025)
- Export Value (August 2025)
- US Tariff on Indian Solar Modules
- 50%
- India's Approved Solar Module Capacity
- 110 GW (as of 2025)
- Projected Solar Module Capacity by 2027
- 165 GW
- Annual Solar Installations Needed by 2030
- 44–45 GW
- Solex Energy's Module Production Plan
- Reduced from 15 GW to 10 GW
- Solex Energy's Cell Production Plan
- Increased from 5 GW to 10 GW
Quotes
Girishkumar Kadam
Senior vice president at ratings agency ICRA
“The investigative risk from the US and tariff imposition have materialised for some players”
thehindubusinessline.com
Vipul Shah
A director at Solex Energy
“The plan to scale down the module making was a conscious one as the company did not want to add to the potential overcapacity that could lead to price wars in the future”
thehindubusinessline.com
