Archive · 20 Nov 2025
India's Solar Module Industry Braces for Shake-up Amid US Tariffs
India makes a lot of solar panels, but they might have too many for the number of solar projects being built.
This could cause some companies to close.
Also, the US put a big tax on Indian solar panels, making them harder to sell there.
Indian companies are trying to sell more panels in other countries instead.
India's solar module manufacturing capacity is expected to increase to 165 GW by 2028
Only 70-75% of India's authorized module capacity can adapt to newer technologies like ToPCon and bifacial modules
Overcapacity is expected due to slower solar project installations compared to production capacity
Consolidation is inevitable in the Indian solar manufacturing segment due to technology and capital-intensive requirements
India's module exports to the US may slow down due to investigations of Chinese content and higher tariffs
- Who
- Indian solar module manufacturers
- What
- Facing overcapacity and US tariffs
- When
- 2025-2028
- Where
- India, US, Europe, Middle East, Africa
- Why
- To maintain export competitiveness and global market share
Protect Indian Manufacturers
Support US Trade Policies
Tariffs Impact
Protect Indian Manufacturers
US tariffs hurt Indian manufacturers and may slow down their growth
Support US Trade Policies
US tariffs protect domestic industry and may encourage local manufacturing
- Authorized module capacity in India
- About 110 GW
- Adaptable capacity for newer technologies
- 70-75% of authorized capacity
- Expected module production capacity in India by 2028
- 165 GW
- Expected solar project installations in India
- 45-50 GW
- US market share of Indian solar PV exports in 2024
- 97%
