Waaree recorded the highest shipment volumes among 28 suppliers, cementing its leadership in India’s fast‑growing solar market, according to an independent research report.
Mumbai‑based Waaree Energies Ltd, one of India’s leading renewable energy solutions providers, has secured the top rank in solar module shipments for the third quarter of FY2025‑26, according to the latest JMK Research & Analytics Renewable Energy Market Update.
The report by the independent market research firm confirms Waaree recorded the highest shipment volumes among 28 leading module suppliers in India, further strengthening its dominant position in the country’s fast‑growing solar market.
In Q3 2025, Indian module manufacturers accounted for more than 95 per cent of total shipments. Waaree led the segment, driven by its backwards‑integrated manufacturing capabilities, robust supply chain, and reputation for quality and innovation.
During the quarter, Waaree added 1.8 GW of module capacity and 4.2 GW of cell manufacturing. Despite a challenging global trade environment, the company exported nearly 38 per cent of its Q3 module production, singalling its global competitiveness and innovation edge.
“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 a 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.
Beyond modules, Waaree has evolved into a comprehensive energy transition company, offering an integrated portfolio of solar engineering, procurement and construction (EPC) solutions, battery energy storage systems, transformers, solar inverters, green hydrogen solutions, and energy infrastructure, including emerging data centre capabilities.