Top 11 Solar Panel Manufacturers in India in 2026

India’s solar module manufacturing capacity grew from just 2.3 GW in 2014 to about 172 GW by March 31, 2026. Among the manufacturers compared in this guide, Waaree Energies disclosed 20.17 GW of module capacity in India, followed by Vikram Solar with 15.5 GW of commissioned capacity, and Goldi Solar with 15.2 GW of annual capacity.

Source: PIB press release: Ministry of New & Renewable Energy FY 2025-26 review

However, manufacturing scale alone does not determine which company or module is right for a project. This guide compares 11 leading manufacturers based on module capacity, cell manufacturing, technology, and manufacturing footprint.

The leading solar panel manufacturers in India in 2026 discussed in this blog include Premier Energies, Avaada Group, ReNew Power, Rayzon Solar, Tata Power Solar, Adani Solar, Goldi Solar, Jakson Solar, Emmvee, Vikram Solar, and Waaree Energies. We’ll also explain ALMM (Approved List of Models and Manufacturers), DCR (Domestic Content Requirement), and the difference between manufacturers, installers, and solar panel suppliers in India.

Top 11 Solar Panel Manufacturers in India at a Glance

The leading solar panel manufacturers in India differ considerably in manufacturing scale, solar cell integration, and module technology.

The table below provides a quick comparison before we look at each solar panel manufacturing company in India individually –

*Please note: Tata Power also has a legacy manufacturing facility in Bengaluru. Its Tirunelveli facility has 4.3 GW each of solar module and solar cell manufacturing capacity.

**Please note: Waaree disclosed 20.17 GW of module manufacturing capacity in India following its expanded ALMM listing in December 2025. The company subsequently reported 25.8 GW of installed module capacity across its operations in Q1 FY27.

How Were These Top Solar Panel Manufacturers in India Selected?

The manufacturers in our list have been selected based on their current manufacturing presence, technology, cell or component integration, production scale, and relevance to the Indian solar market. Total renewable project capacity or company age alone was not used as a measure of solar panel manufacturing capability.

The main factors that we considered were:

• Solar module manufacturing capacity: This indicates the scale at which a company can manufacture finished solar modules. Operating capacity and announced future capacity have been kept separate.
• Solar cell manufacturing and vertical integration: Manufacturers that produce their own cells control another important part of the supply chain. Some companies also manufacture wafers, ingots, encapsulants, backsheets, or other module components.
• Current solar module technology: The comparison considers technologies currently produced by manufacturers, including N-type TOPCon (Tunnel Oxide Passivated Contact), Mono-PERC (Monocrystalline Passivated Emitter and Rear Cell), and HJT (Heterojunction Technology).
• ALMM and domestic market relevance: ALMM (Approved List of Models and Manufacturers) is important for projects covered by the applicable MNRE (Ministry of New and Renewable Energy) requirements.

Now, let’s dig deep into all the solar module manufacturers in India that have made it to our list of the best 11.

1. Premier Energies

Premier Energies is one of India’s major integrated solar cell and module manufacturers. The company reports 11.1 GW of solar module manufacturing capacity and 10.6 GW of annual solar cell manufacturing capacity.

Its portfolio includes Mono-PERC and N-type TOPCon cells and modules. Premier reports TOPCon cell efficiencies of up to 25.2% and module efficiencies of up to 23.2%, although exact specifications vary by model.

The company has manufacturing operations across Telangana and Andhra Pradesh and has significantly expanded its production capacity.

2. Avaada Group

Avaada Group manufactures solar cells and modules through Avaada Electro, its solar manufacturing arm. Avaada Electro currently reports 8.5 GW of operational solar module manufacturing capacity and 3 GW of operational N-type TOPCon solar cell manufacturing capacity.

• Its module portfolio is based on N-type TOPCon bifacial technology and includes products designed for residential, commercial and industrial, and utility-scale solar applications.
• Avaada’s current ENLUME panel series includes G12 and G12R modules with rated outputs extending up to 720 Wp, depending on the model.

3. ReNew Power

ReNew Power, now operating under the ReNew brand, has expanded beyond renewable energy generation into large-scale solar manufacturing. As of June 30, 2026, the company reported 6.4 GW of solar module manufacturing capacity and 2.5 GW of solar cell manufacturing capacity.

ReNew is also expanding its solar cell manufacturing capacity by another 4 GW, with the capacity expected to become operational by December 2026.

Solar manufacturing has also become a significant business for ReNew. In Q1 FY27, the company reported external revenue of ₹16,777 million from its solar module and cell manufacturing operations.

4. Rayzon Solar

Rayzon Solar has expanded into one of India’s larger module manufacturers and reported 11.31 GW of ALMM-listed solar module production capacity in 2026.

Its manufacturing operations are based in Gujarat, and its current technology focus is strongly centered on N-type TOPCon modules, including bifacial products.

Rayzon is also moving towards greater backward integration. The company states that a 5.1 GW TOPCon solar cell manufacturing line is in the advanced stages of execution.

5. Tata Power Solar Systems Ltd.

Tata Power Solar has a large integrated solar cell and module manufacturing base in India, including its newer Tirunelveli facility and its long-established manufacturing operations in Bengaluru.

• Its Tirunelveli plant alone has 4.3 GW of solar module capacity and 4.3 GW of solar cell capacity.
• Including the Bengaluru operations, Tata Power has disclosed ~4.9 GW of module capacity and 4.8 GW of cell capacity across its Indian manufacturing facilities.

The Tirunelveli facility supports both Mono-PERC and TOPCon technology.

6. Adani Solar

Adani Solar has developed one of India’s more vertically integrated solar manufacturing operations. Its manufacturing facility in Gujarat’s Mundra covers solar modules, cells, ingots, and wafers.

Adani Enterprises reported in July 2026 that a new 1.7 GW module line had increased Adani Solar’s module manufacturing capacity to 5.7 GW.

The company also has 4 GW of solar cell manufacturing capacity and 2 GW of ingot and wafer capacity, allowing it to control more stages of the photovoltaic manufacturing chain than a module-only manufacturer.

Its current technology portfolio includes TOPCon products alongside existing PERC manufacturing capability.

7. Goldi Solar

Goldi Solar has expanded rapidly in recent years and currently reports 15.2 GW of annual solar PV module manufacturing capacity, with manufacturing operations across multiple locations in Gujarat.

• Its current portfolio includes N-type TOPCon products in the M10R, G12, and G12R wafer sizes.
• Depending on the module series, Goldi’s TOPCon portfolio reaches power ratings of around 715 W and efficiencies above 23%.

Goldi is also moving into solar cell manufacturing. The company states that it is commissioning a 1.2 GW solar PV cell manufacturing line in 2026, with further cell expansion planned.

8. Jakson Solar

Jakson Solar currently reports 1.2 GW of operating annual solar module manufacturing capacity. Its module portfolio includes Mono-PERC and N-type TOPCon products for residential, commercial, and utility-scale applications.

The company has also announced a major manufacturing expansion. Jakson states that it has 4 GW of additional module manufacturing capacity and 3 GW of solar cell capacity upcoming.

9. Emmvee

Emmvee has become one of India’s larger integrated solar manufacturers. As of March 31, 2026, the company reported 10.3 GW of solar module manufacturing capacity and 2.94 GW of solar cell capacity.

• Its manufacturing facilities are located in Karnataka
• Its current production is focused on N-type TOPCon technology

Emmvee manufactures both TOPCon cells and finished solar modules, giving it direct cell-to-module integration.

10. Vikram Solar

Vikram Solar reached 15.5 GW of commissioned solar PV module manufacturing capacity by August 2026, following the commissioning of major new production capacity in Tamil Nadu.

• Its manufacturing footprint now spans West Bengal and Tamil Nadu.
• The company’s current portfolio includes high-efficiency N-type bifacial modules and newer large-format cell designs.

Vikram Solar is also developing domestic solar cell manufacturing capacity. A 9 GW solar cell facility at Gangaikondan, Tamil Nadu, is targeted for completion in FY27.

11. Waaree Energies Ltd.

Waaree Energies is one of India’s largest solar manufacturers by production scale. In December 2025, the company reported that its solar module manufacturing capacity in India had reached 20.17 GW, including capacity under Indosolar.

Waaree also operates 5.4 GW of solar cell manufacturing capacity, giving it substantial cell-to-module integration.

Its module portfolio includes N-type TOPCon, HJT, Mono-PERC, and other module configurations for residential, commercial, and utility applications.

The company has continued expanding since the 20.17 GW India disclosure and reported 25.8 GW of installed module manufacturing capacity across its operations in Q1 FY27.

How Does the Solar Panel Manufacturing Market in India Look in 2026?

India has become a major solar manufacturing hub, with ~172 GW of solar module manufacturing capacity as of March 31, 2026. The industry is also moving towards domestic solar cell manufacturing, N-type TOPCon technology, and greater integration across the solar supply chain.

Manufacturing a finished solar module is only one part of this supply chain.

Solar modules contain photovoltaic cells, which are produced from wafers. Some manufacturers assemble modules using externally sourced cells, while integrated manufacturers produce cells and, in a few cases, wafers or ingots as well.

The technology mix has also changed.

Mono-PERC remains in production, but many major solar PV module manufacturers in India have expanded into N-type TOPCon modules, as TOPCon offers higher efficiency and lower long-term panel degradation.

Government policy is also influencing this change.

• MNRE now maintains ALMM List-I for solar PV modules and ALMM List-II for solar PV cells.
• The first List-II for cells was issued on July 31, 2025, and the ninth revision was issued on August 21, 2026.

What Should You Look for in a Solar Panel Manufacturing Company in India?

A good solar panel manufacturing company in India should offer the latest module technology, documented specifications, reliable product and performance warranties, and consistent manufacturing quality. Homeowners should compare the actual module being installed rather than choosing only on company size or brand recognition.

Important factors include:

• Solar panel technology and efficiency: Many high-efficiency residential solar electric panels for homes now use N-type TOPCon technology. Mono-PERC remains available, while a smaller group of companies manufactures HJT. Higher efficiency is particularly useful when available rooftop space is limited.
• Product and performance warranty: The product warranty covers eligible manufacturing or material defects in accordance with the manufacturer’s terms. The performance warranty defines how much output the manufacturer guarantees the module will retain over time. Both should be checked separately.
• Temperature coefficient and degradation: The temperature coefficient indicates how module output changes as cell temperature rises, while the degradation warranty indicates how much performance may decline over time. Both should be checked using the current model datasheet.
• Certifications and model specifications: A manufacturer may produce many models with different wattages, efficiencies, dimensions, and certifications. Relevant BIS (Bureau of Indian Standards) and IEC (International Electrotechnical Commission) compliance should therefore be checked at the model level. ALMM and DCR (Domestic Content Requirement) should also be verified separately when applicable.
• Availability and after-sales support: A rooftop solar system can operate for 25 years or more. Consider whether compatible replacement modules are likely to remain available and how warranty claims are handled. The installer is also important because it will generally be the homeowner’s first point of contact for service.

ALMM and DCR Rules for Solar Panel Manufacturers in 2026

ALMM (Approved List of Models and Manufacturers) and DCR (Domestic Content Requirement) affect which solar products can be used in subsidy-based solar projects.

ALMM List-I covers solar PV modules, and List-II covers solar PV cells. DCR separately requires domestically manufactured cells and modules, where Domestic Content Requirement rules apply.

ALMM List-I for Solar PV Modules

MNRE’s ALMM List-I identifies eligible solar PV module models and their manufacturers.

Projects covered by the ALMM Order must use applicable models and manufacturers included in the current list.

The list is revised periodically. The exact module model and manufacturing facility should therefore be checked against the latest version rather than relying on a general manufacturer claim.

ALMM List-II for Solar PV Cells

ALMM List-II covers solar PV cells.

The first List-II was issued on July 31, 2025, and the ninth revision was released on August 21, 2026.

Where List-II requirements apply, the cells within the solar module must comply with the applicable rules. MNRE has also issued transition provisions and clarifications for certain projects, so the requirements should be checked at the time of installation.

DCR for Residential Rooftop Solar

Domestic Content Requirement (DCR) rules apply to schemes such as the PM Surya Ghar Muft Bijli Yojana, which require domestically manufactured solar cells and modules in accordance with the applicable scheme conditions.

• DCR and ALMM are related requirements but should not be treated as the same thing.
• For current eligibility, always check the latest MNRE lists and applicable scheme rules.

For a detailed analysis, you can read our guide on DCR vs non-DCR solar panels.

Solar Panel Manufacturers vs Solar Panel Suppliers in India

Solar panel manufacturers produce solar modules at manufacturing facilities. Solar panel suppliers in India procure and sell these modules, while rooftop solar installers or EPC companies design and install the complete solar system. A company can also operate in more than one of these roles.

Here’s a side-by-side comparison of all:

Does the Solar Panel Manufacturer or Installer Matter More for Your Home?

Both matter in a residential rooftop solar system. The manufacturer determines the module’s technology, specifications, and warranty, while the installer determines system design, mounting, electrical safety, equipment compatibility, approvals, and much of the long-term service experience.

What Does the Solar Panel Manufacturer Control?

The manufacturer determines how the solar module itself is built.

This includes the cell technology, module efficiency, glass and encapsulation design, temperature coefficient, degradation warranty, manufacturing quality, and product warranty.

These characteristics influence how the module performs during its operating life.

What Does the Rooftop Solar Installer Control?

The installer determines how those modules are integrated into a complete, working solar plant on your roof.

This includes:

• Correct solar system sizing
• Shadow analysis and panel placement
• Selection of compatible inverters and electrical components
• Mounting structure design
• Earthing and electrical safety
• Cable routing
• Net-metering and subsidy approvals
• Installation workmanship
• System monitoring and maintenance

A high-quality solar panel can still deliver poor results if the complete rooftop solar system is incorrectly designed or installed.

Why Choose SolarSquare for Rooftop Solar Installation?

SolarSquare is India’s #1 home solar company with 1,90,987 kWp of rooftop solar installed across 46,831 properties as of 28th August 2026, as listed on the PM Surya Ghar Muft Bijli Yojana National Portal for Rooftop Solar.

We’re India’s first and only solar company that:

• Offers a savings guarantee with a money-back promise of ₹8 per unit if we fall short of the committed generation.
• Offers a ₹1 lakh water leakage guarantee for 1 year if our installation results in a leaky roof.

Here are some reasons why 15,000+ customers have rated us 4.8 on Google:

• We offer swift solar installation in just 8 hours.
• We offer maintenance visits over 5 years for deep cleaning and preventive checks.
• All our rooftop PV systems have IIT-Bombay-approved cyclone-proof structures, WindPro Mount™, that can withstand wind speeds up to 170 km/h.
• We offer a zero-investment plan in which your government subsidy covers your down payment, and your monthly solar savings cover your EMIs for a set loan tenure.
• Over 10 years, we have solarized 50,000+ homes in India.
• We have helped our customers claim over ₹300 crore in subsidy.

If you are planning rooftop solar for your home, book a free solar consultation with our experts to understand the right system size, panel technology, subsidy eligibility, and expected generation for your roof.

Frequently Asked Questions

Who is the largest solar panel manufacturer in India?

Among the manufacturers covered in our guide, Waaree Energies has the largest disclosed module manufacturing capacity in India, reporting 20.17 GW after its December 2025 ALMM expansion. Waaree also subsequently reported 25.8 GW of installed module capacity across its operations in Q1 FY27.

What are the top 5 solar panel manufacturers in India by module capacity?

Based on the disclosed capacities used in this guide, the five largest are Waaree Energies, Vikram Solar, Goldi Solar, Rayzon Solar, and Premier Energies. Manufacturing capacities change rapidly. So, the disclosure date and whether the figure represents operating or future capacity should always be checked.

Which Indian solar panel manufacturers make their own solar cells?

Premier Energies, Tata Power Solar, Adani Solar, Waaree Energies, and Emmvee have substantial operating solar cell manufacturing capacity.

Which solar panel manufacturers in India make TOPCon modules?

Many major Indian manufacturers now produce N-type TOPCon modules. Examples include Premier Energies, Avaada Group, Tata Power Solar, Adani Solar, ReNew Power, Goldi Solar, Jakson Solar, Rayzon Solar, Waaree Energies, and Emmvee. Exact technology, wattage, and efficiency vary by module series.

How do you check whether a solar panel manufacturer is approved under ALMM?

Check the latest MNRE ALMM List-I and search for the exact manufacturer, manufacturing facility, and module model. Do not rely solely on the company name, as ALMM eligibility is model-specific and the official list is revised periodically. If cell-level compliance is also required, check ALMM List-II separately.

What is the difference between a solar panel manufacturer and a solar panel supplier?

A solar panel manufacturer produces solar modules at a manufacturing facility. A supplier or distributor procures those modules and sells them to installers, EPC companies, or customers. A rooftop installer designs and installs a complete solar system, using panels and other components sourced from reputable manufacturers.

Are solar panels and solar PV modules the same?

Yes. Solar panel and solar PV module are commonly used for the same finished photovoltaic product. A PV module contains interconnected solar cells enclosed within protective materials. In technical documents, PV module is generally the more precise term.