Indian Solar Giants Face Profit Crunch as Global Market Hits Oversupply Crisis

Leading Indian solar manufacturers Waaree Energies and Premier Energies are experiencing significant margin pressures as the global solar industry grapples with severe oversupply conditions. Financial services firm Nuvama has issued a warning about the mounting challenges in the sector, highlighting concerns about market sustainability. This development comes at a crucial time when India is pushing for renewable energy expansion. The situation threatens to impact the domestic solar manufacturing ecosystem, potentially affecting India's ambitious solar energy targets and market competitiveness.

Source: Economic Times