India imported $1.3 billion (~₹112.8 billion) worth of solar cells and modules in Q1 2025, representing a 35.1% year-over-year (YoY) decrease from $2 billion (~₹166.9 billion). Solar modules accounted for 62.4% of the quarter’s solar imports, while solar cells accounted for the remaining 37.6%.
China remains the leading supplier of imported solar cells and modules to India, accounting for 78.1% of total imports in Q1 2025. Vietnam (9.8%) and Hong Kong (5.6%) follow behind. These imports mainly supply the commercial and industrial (C&I) sector, behind-the-meter installations, and legacy projects not bound by ALMM regulations.
Indian solar module and cell exports increased 26.1% quarter-over-quarter (QoQ) to $267.6 million (~₹23.1 billion) in the first quarter (Q1) of 2025 from $212.2 million (~₹17.92 billion), according to recent data published by the Department of Commerce.
solar supply chain?. May 2024.In Fiscal Year (FY) 2024, India imported a record US$6.2 billion worth of PV cells and modules from China-based manufacturers.3 Interestingly, in the past few years, India has experienced a significant increase in PV exports, primarily high-
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