Vikram Solar Says US Duties Have Limited Impact, Growth Anchored In India

Vikram Solar Ltd addressed concerns regarding the recent US preliminary anti-dumping and countervailing duties on Indian-origin solar cells. The company clarified that the direct financial impact on its operations in the US is limited. Instead, Vikram Solar reiterated that its long-term growth strategy is firmly rooted in India, where it continues to expand capacity and strengthen its renewable energy portfolio.  

Key Highlights  

• Recent US preliminary AD/CVD duties apply specifically to Indian-origin solar cells  
• Vikram Solar confirms limited direct financial impact on its US operations  
• Company’s growth strategy remains focused on India’s renewable energy market  
• Management highlights continued expansion of domestic manufacturing capacity  
• Emphasis on sustainability and self-reliance under India’s clean energy mission  

Strategic Impact  
The announcement underscores Vikram Solar’s resilience in navigating global trade challenges while prioritizing domestic growth. Analysts note that India’s renewable energy sector offers significant opportunities, with government incentives and rising demand for clean power. By anchoring its strategy in India, Vikram Solar is well-positioned to capture market share, support national energy goals, and mitigate risks from international trade disputes.  

Sources: Reuters, Economic Times, Business Standard