State of Solar PV Manufacturing in India 2025 - 25.3 GW of Solar Module and 11.6 GW of Cell Manufacturing Capacity Added in 2024
In calendar year (CY) 2024, the country added 25.3 gigawatts (GW) of solar module and 11.6 GW of solar cell capacity, according to Mercom’s State of Solar PV Manufacturing in India 2025 report.
Manufacturing capacity additions in 2024 were primarily driven by demand for the solar project pipeline and the reimposition of the ALMM order from April 2024.
The top 10 manufacturers accounted for over 54% of the module and almost 100% of cell production capacity as of December 2024.
About 80% of the installed module manufacturing capacity was equipped to manufacture solar modules in M10 and G12 wafer sizes. Approximately 64.6 GW of the total module production capacity was listed under the ALMM order, as per the updated List–I issued by the MNRE as of January 6, 2025.
Monocrystalline modules, with or without Passivated Emitter and Rear Cell (PERC) technology, accounted for almost 59% of the country’s module production capacity, followed by Tunnel Oxide Passivated Contact (TOPCon) modules, polycrystalline modules, and thin-film modules.
Based on the current pipeline, TOPCon modules are anticipated to account for over 58% of the annual module production capacity and over 64% of the cell production capacity by 2027, followed by monocrystalline, Heterojunction (HJT), and other technologies.
Gujarat was the most preferred location for installing photovoltaic (PV) manufacturing facilities, with 42% of the country’s module capacities located in the state. As of December 2024, Gujarat accounts for over 37% of the country’s annual solar cell production capacity, the highest in the country.
Tamil Nadu and Rajasthan were the other top states, accounting for over 10% and over 8% of the country’s solar module production capacity, respectively. Karnataka and Tamil Nadu were second and third, with solar cell production units contributing to over 18% and 12% of the country’s total capacity, respectively.
Various public sector and government entities issued tenders totaling 9.9 GW to procure solar modules in 2024, representing an increase of over 6% YoY. In 2024, 1.7 GW of module and 11.3 MW of cell supply auctions were concluded.
In 2024, a total of 65.9 GW of solar modules and cells were imported. Modules accounted for over 36% of the imports, while cells made up nearly 64%.
In 2024, domestic manufacturers exported 4.5 GW of solar modules, representing a 6% decrease from the 4.8 GW exported in 2023.
Key Highlights from Mercom India Research’s State of Solar PV Manufacturing in India 2023 Report:
- India added 25.3 GW of solar module capacity and 11.6 GW of cell capacity in CY 2024
- Gujarat, Tamil Nadu, and Rajasthan were the top three states for solar module manufacturing
- As of December 2024, monocrystalline with or without PERC technology accounted for nearly 59% of the country’s module production capacity, followed by TOPCon with almost 28%
- Monocrystalline accounted for over 68% of the country’s cell production capacity, followed by TOPCon (over 26%)
- The top three states for solar cell manufacturing capacity were Gujarat, Tamil Nadu, and Karnataka.
Contact Mercom for pricing: reports@mercomindia.com or call us at +91-80-41211148.
