Waaree Energies accounts for 13.9% share of total module shipments in FY25
Limited, a clean energy transition company, has captured a commanding 13.9 per cent share of total module shipments in FY25, according to a JMK Research & Analytics Annual India Solar Report Card.
According to the company's statement, this significant achievement comes as India's solar sector experienced a transformative period in FY25, with the country adding 17.4 GW of utility-scale solar capacity and 5.1 GW of rooftop installations.
India's cumulative solar capacity has reached 85.5 GW as of March 2025, with an additional 68.2 GW in the pipeline.
"Waaree's leadership position in India's solar module market validates our relentless focus on innovation, quality, and scale," Dr. Amit Paithankar, Whole-time Director & CEO, Waaree Energies Limited, said.
"This achievement represents more than market share – it embodies our commitment to powering India's energy independence and supporting the nation's transition to a sustainable future. Every module we manufacture contributes to India's journey toward becoming a global
renewable energy superpower
," he added.
The company's state-of-the-art manufacturing facilities, with an installed capacity of approximately 15 GW for solar PV modules globally, underscore its commitment to domestic capabilities and technological advancement.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
3 days ago
- India.com
After launch in Mumbai, Elon Musk's BIG expansion plan in India, Tesla leases 8200 sq ft commercial space in…
Electric vehicle major Tesla, which is ramping up its operations in India, has leased 8,200 sq ft of commercial space at Delhi's Aerocity for a starting monthly rent of Rs 17.22 lakh, according to real estate data analytics firm CRE Matrix. The firm, after reviewing the lease registration documents, said Tesla India Motor & Energy Pvt Ltd has rented the space in the Worldmark 3 project at Aerocity from Oak Infrastructure Pvt Ltd. Tesla India Rent For New Commercial Space The space has been taken for a 9-year lease, with a starting rent of Rs 17.22 lakh. The starting rent is Rs 210 per sq ft. The rentals will increase by 15 per cent every 36 months. The lease registration happened on July 30, 2025. Elon Musk-led Tesla made its India retail debut last month with a store in the Bandra Kurla Complex business district in suburban Mumbai. The company is selling the China-made 'Model Y' with a price of nearly Rs 60 lakh after accounting for the high import duties. Tesla Another Leased Space In Gurugram Recently, Tesla leased a 33,000 square feet area in a commercial building at Gurugram, Haryana, which can be used as a service centre and sales outlet, according to CRE Matrix. The company registered a 9-year lease for the unit in Gurugram's Orchid Business Park. Tesla will be paying a starting rent of Rs 40 lakh for the Gurugram property. There is a clause in the agreement under which the rent will escalate by 4.75 per cent per annum. The chargeable area is 33,475 sq ft, while the super-built-up area of the property is 50,914 sq ft, CRE Matrix had said, adding that there is a 3-year lock-in. The property has been leased from Garwal Property, and the lease was registered on July 28. (With Inputs From PTI)
Indian Express
4 days ago
- Indian Express
A downshift: Why India's EV push is leaving cars behind — and betting big on trucks
Over the past year, India's electric vehicle (EV) policy has undergone a quiet but significant pivot: electric cars are no longer centre-stage, while e-trucks have emerged as the new priority. The first major signal came in September 2024, when the PM E-DRIVE scheme was rolled out without any incentives for electric four-wheelers — unlike the preceding FAME subsidy. Earlier this week, the NITI Aayog reinforced this stance, arguing that measuring progress in e-mobility through cars is 'not… the right metric' for India. Instead, the government is now turning its attention to electrifying trucks, which make up just 3 per cent of India's vehicle fleet but contribute a third of all transport-related carbon emissions and over half of particulate pollution. A new Rs 500-crore subsidy aims to support 5,600 e-trucks on Indian roads. Electric cars simply aren't selling fast enough in India to move the needle — largely due to their relatively high cost and persistent range anxiety. India's progress in electrifying four-wheelers 'has been weak compared to the global scenario,' the NITI Aayog report said. In 2024, the share of electric cars in total four-wheeler sales — or EV penetration — remained low at just 2 per cent, according to New York-headquartered think tank Rhodium Group. In contrast, the EV penetration rate in the four-wheeler segment stood at 47 per cent in China, 23 per cent in Europe, 10 per cent in the US, and a striking 17 per cent in Vietnam — up from just 3 per cent in 2022. The sluggish pace in India comes despite several tailwinds — the FAME scheme subsidised at a cost of Rs 537 crore over 22,600 electric car purchases between 2019 and 2024, several states offered road tax and registration waivers, battery costs fell sharply, and a domestic EV supply chain took shape under the PLI scheme for auto components. There's another reason — 'While 75% of Indian vehicles are two-wheelers, only 13% of these vehicles are cars… Hence, measuring progress in the transition to electric mobility by only looking at cars, as done in developed countries, would not be the right metric in a country dominated by two-wheelers,' the NITI Aayog report said. In the two-wheeler segment, the EV penetration rate was 6 per cent in 2024-25, according to JMK Research. In addition to cars making up a smaller share of vehicles overall, large cars costing over Rs 10 lakh account for just 2 per cent of India's vehicle fleet. When identifying which segments most warrant policy interventions to boost supporting infrastructure, the report noted, 'Personal cars would come lower down in the priority primarily because they compose a relatively small share of the vehicle fleet in the country and daily usage is also relatively low.' That said, the government did launch the Scheme to Promote Manufacturing of Electric Passenger Cars in India in March 2024 — which many had seen as aimed at attracting Tesla — with guidelines released in June this year. The scheme allows global automakers to import EVs at lower customs duties — provided they invest at least Rs 4,150 crore to set up domestic manufacturing. However, Tesla is 'not interested in manufacturing in India,' Union Heavy Industries Minister H D Kumaraswamy had said in June. As far as reducing emissions, particulate pollution, and dependence on energy imports is concerned, electrification of trucks will go a long way. 'The longer haul trucks are an important component of the road transport system as they emit over 34% of the CO2 from the transport sector, despite constituting only 3% of the total vehicle fleet. A significant dent in the reduction of GHG from road transport will not be possible without transitioning long haul trucks to electric,' the NITI Aayog report said. Electric penetration in the truck segment remains negligible — just 0.7 per cent in 2024. Of the 8.34 lakh trucks sold that year, only 6,220 were electric, and just 280 had a capacity above 3.5 tonnes — the kind typically used for long hauls, according to the report. In July, the Ministry of Heavy Industries launched an incentive scheme for e-trucks under PM-DRIVE, aiming to support 5,600 vehicles with a capacity of over 3.5 tonnes. The maximum incentive is set at Rs 9.6 lakh per vehicle, which is key as e-trucks have very high capital costs. The scheme makes a special provision for 1,100 e-trucks registered in Delhi to address 'the capital's serious air quality challenges'. Earlier, in May, the Office of the Principal Scientific Adviser identified 10 routes to develop for zero-emission trucking (ZET) based on high traffic volume, active industrial growth, adequate ancillary services, and grid infrastructure. These include Chandigarh-Delhi-Jaipur, Dhanbad-Kolkata-Haldia, Bengaluru-Chennai-Villupuram, and Salem-Coimbatore-Kochi. China is already showing what electrification of trucking can do to oil consumption — with around 9 per cent of heavy-duty trucks now electric, it is displacing over 1 million barrels per day in implied oil demand, according to the Rhodium Group. Aggam Walia is a Correspondent at The Indian Express, reporting on power, renewables, and mining. His work unpacks intricate ties between corporations, government, and policy, often relying on documents sourced via the RTI Act. Off the beat, he enjoys running through Delhi's parks and forests, walking to places, and cooking pasta. ... Read More
India.com
5 days ago
- India.com
Days after Tesla's launch in India, Elon Musk's another BIG move, company leases 33,000 sq ft commercial space in…, likely to pay rent of Rs…
Electric vehicle giant Tesla has leased a 33,000-square-foot space in a commercial building in Gurugram, Haryana, which is expected to serve as a service centre and sales outlet, according to real estate data analytics firm CRE Matrix. CRE Matrix reviewed the registration documents related to the leasing transaction to confirm the development. The Elon Musk-led company has registered a 9-year lease for the unit in Gurugram's Orchid Business Park. Tesla's First Showroom In Mumbai Tesla, which has already opened a showroom in Mumbai and is set to follow up with a second one in New Delhi soon, will be paying a starting rent of Rs 40 lakh for the Gurugram property, it said. There is a clause in the agreement under which the rent will escalate by 4.75 per cent per annum. The chargeable area is 33,475 sq ft, while the super-built up area of the property is 50,914 sq ft, it said, adding that there is a 3-year lock-in. The space can be used as a 'service centre, delivery centre and retail store', the property consultant said. Tesla Property Lease The property has been leased from Garwal Property, and the lease was registered on July 28, as per the statement. The lease commencement date is set as July 15, and the rental starts immediately, it said. Tesla made its India retail debut last month with a store in the Bandra Kurla Complex business district in suburban Mumbai. The company is selling the China-made 'Model Y' with a price tag of nearly Rs 60 lakh after accounting for the high import duties. (With Inputs From PTI)
