About 11 GW of solar modules were shipped to the Indian market in Q3 2025 by 28 major players—both domestic and international—with Waaree leading the supplies at approximately 1.4 GW, according to the latest JMK Research report.
Waaree Energies’ PV Module Test Lab
Image: Waaree Energies
Waaree Energies Ltd has emerged as the leading solar module supplier in India by shipment volume in the third quarter of 2025, according to the latest RE Market Update from JMK Research & Analytics. The report notes that about 11 GW of modules were shipped to the Indian market in Q3 2025 by 28 major players—both domestic and international—with Indian manufacturers accounting for more than 95% of the total.
Waaree led the market with approximately 1.4 GW of shipments during the quarter, securing the largest share among all suppliers.

India added around 8.06 GW of utility-scale solar capacity and 2.7 GW of rooftop solar in Q3 2025, taking cumulative installations to 127 GW as of September 2025.
During the quarter, Waaree expanded its manufacturing footprint by adding 1.8 GW of module capacity and 4.2 GW of solar cell capacity. The company also exported 37.9% of its module output in Q3, despite a challenging global trade environment.
“Waaree’s continued leadership in the Indian solar module market underlines our commitment to powering the nation’s clean energy transformation and building for the world. As the sector expands at record pace, we remain focused on scale, quality, and innovation that drive value for customers and the energy ecosystem,” said Sunil Rathi, Executive Director, Waaree.
Waaree has grown into a comprehensive energy transition company offering solar EPC services, battery energy storage systems, transformers, solar inverters, green hydrogen solutions, and energy infrastructure, including emerging data centre capabilities.
 
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