Waaree Continues Its Market Leadership, Ranked India’s No. 1 Solar Module Supplier in Q3 2025

Waaree Energies Limited, India’s leading renewable energy solutions provider, has reinforced its industry leadership by securing the top spot in solar module shipments for Q3 2025, as per the latest JMK Research & Analytics RE Market Update. According to the report, Waaree recorded the highest shipment volumes among 28 leading module suppliers in India, further strengthening its dominant position in the country’s dynamic solar market.​

In Q3 2025, Indian module manufacturers accounted for over 95% of market shipments. Waaree led the pack, powered by its advanced, backward-integrated manufacturing capabilities, robust supply chain, and reputation for quality and innovation.

India’s Solar Surge: Industry Context

India’s solar sector witnessed addition of approximately 8.06 GW utility-scale and 2.7 GW rooftop solar capacity this quarter, pushing cumulative installations to 127 GW as of September 2025. Waaree’s ongoing market leadership reflects the company’s exceptional execution as the country accelerates towards its 500 GW renewable energy target.​

Driving the Manufacturing Renaissance

During Q3, Waaree added another 1.8 GW of module capacity and 4.2 GW of cell manufacturing, reinforcing the brand’s commitment to India’s solar self-reliance. The company exported 37.9% of its Q3 module production even in a challenging global trade environment, highlighting its global competitiveness and innovation edge.​

Waaree has evolved into a comprehensive energy transition company offering solar EPC solutions, battery energy storage systems, transformers, solar inverters, green hydrogen solutions, and energy infrastructure including developing data centre capabilities. This integrated portfolio enhances Waaree’s ability to support India’s clean energy ambitions with end-to-end, future-ready solutions

“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 Mr. Sunil Rathi, Executive Director, Waaree.

With JMK Research projecting 41.5 GW of additional solar capacity to be installed in FY2026, Waaree is set to play a critical role in supporting India’s future-ready, Atmanirbhar (self-reliant) solar vision.