India’s solar manufacturing sector faces fresh headwinds after the United States imposed a steep preliminary countervailing duty (CVD) of 125.87 per cent onimports of certain Indian solar products, citing unfair subsidies. The new duties come amid a sharp rise in Indian solar exports to the US, which increased to $792.6 million in 2024 from $83.86 million in 2022. Crisil Intelligence said the US accounts for more than 95 per cent of India’s solar cell and module exports. Crisil director Sehul Bhatt said modules from India could become at least 30 per cent more expensive than US-made modules. Waaree Energies fell 10.47 per cent, Premier Energies 6.27 per cent, Vikram Solar 5.45 per cent on the BSE.

Source: The Telegraph February 26, 2026 02:24 UTC