SUN-POWERED AMBITIONS

Eastman Auto & Power is betting big on solar with US plans, rooftop push, and tech-led manufacturing

- Ashish Sinha

WE'RE NOT JUST making in India; we're making for the world,” says Shekhar Singal with an unmistakable conviction. Singal, Managing Director, Eastman Auto & Power, which was once known for traditional batteries, is today rapidly reshaping its identity as a clean energy powerhouse. With a six-fold revenue growth in five years and a laser focus on solar rooftops, exports, and innovation, Eastman's ambitions are glowing as brightly as the panels it manufactures.

So what's fuelling this charge toward the solar horizon? “It’s the shift in global demand, government incentives, and our own readiness to scale—both technically and geographically,” Singal explains.

Eastman, which already supplies to over 50 countries, is now eyeing deeper penetration into mature markets like the US and Europe. “The US is not just another market entry—it’s a strategic leap,” he adds. And it’s a calculated move. As the world’s second-largest solar market, the US offers scale, sophistication, and serious sustainability goals. “We've already initiated exploratory talks with top inverter firms there. The aim is to create high-quality, compliance-ready solar products made in India.” If this feels bold, wait till you see their numbers.

Eastman has achieved 6X revenue growth in five years and is targeting a Rs 10,000 crore topline by FY27. With eight manufacturing facilities across India and a planned capex of Rs 700 crore-Rs 1,000 crore over the next three years, the company serves 50+ countries and is entering the US market. Rooftop solar will contribute 40-50 per cent of revenue, supported by a 300+ member team and globally certified products.

Sky-High Ambitions