India May Have An Edge Over China, Vietnam In Solar Parts Exports

India's solar module exports accounted for 4.7% of US solar imports in Q1 of 2024, data from CEEW showed

- Rituraj Baruah

Indian solar equipment makers may have a competitive advantage over their rivals in China and Vietnam after US President Donald Trump announced his promised reciprocal trade tariffs on almost all countries.

Although the tariffs will increase costs for US power generators that import solar equipment and may impact the sales of exporters, India may have an edge due to the relatively lower tariff imposed on the country's products.

The US imposed a 27% tariff on Indian exports, even as the tariffs on China and Vietnam are 34% and 46%, respectively.

While the details are yet to be outlined for the tariffs imposed by the US, the initial analysis seems to show a comparatively better situation for Indian solar manufacturers than other global suppliers, Ashwani Sehgal, president of the Indian Solar Manufacturers Association, told Mint.