Indian solar firms rework supply chains under U.S. tariff pressure

Faced with up to 50% tariffs from the U.S. on Indian solar cell exports, companies like Vikram Solar and Waaree Energies are restructuring supply chains. They plan to source cells from nations with lower tariff burdens to preserve U.S. market access. Though they did not confirm immediate impact on recent earnings, firms expressed confidence in meeting order obligations. The move reflects how trade policy is reshaping India’s solar export strategies.