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Each company exported more than half of its annual actual production in FY2024. Several other Indian PV manufacturers, like Grew Energy, ReNew Power, Navitas, Solex Energy and Saatvik Energy, are pursuing export markets and setting up supply chains abroad. . The export of Indian photovoltaic (PV) modules has risen exponentially by more than 23 times between Fiscal Year (FY) 2022 and FY2024, primarily to the US, which accounted for more than 97% of India's exports in both FY2023 and FY2024. With the expiration of the Free Trade Agreement and an ongoing. . India's solar module exports to the US are booming, driven by US restrictions on Chinese imports. On February 17, the Ministry of New and Renewable Energy (MNRE) issued its latest ALMM (Approved List of Models and Manufacturers) list. It notes that this shift positions India as a credible alternative supplier in the global solar value chain Updated - December 30, 2025 at 04:55 PM. Solar power tariffs continue to decline as technology advances. . Monthly data for 2021–2024 are based on a subset of the largest manufacturers representing about 90% of the previous year's total shipments.
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