Trump's 126% Duty Impacts Solar Exports, Manufacturers Prioritize Domestic Market

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Trump's 126% Duty Hits Indian Solar Exports; Manufacturers Eye Home Market

Trump’s 126% antidumping duty may disrupt solar export in near term, manufacturers to remain focused on domestic market

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Moneycontrol•26-02-2026, 11:04

Trump's 126% Duty Hits Indian Solar Exports; Manufacturers Eye Home Market

•US imposes 126% countervailing duty on Indian solar cells and modules, citing government subsidies.
•Indian solar stocks crashed up to 15% but manufacturers like Waaree Energies and Emmvee Photovoltaic Power remain confident.
•Waaree Energies plans to expand US manufacturing to 4.2 GW and diversify supply chains, including investments in Oman.
•Emmvee Photovoltaic Power, with 99.13% domestic sales, expects minimal impact, focusing on the Indian market.
•Analysts predict short-term impact on export volumes and pricing pressure in the Indian market due to redirected volumes.

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