India solar shifts from policy push to market pull after record FY2026 additions

Manufacturing Today says a large share of new demand is coming from commercial and industrial buyers, while domestic module and cell capacity continues to expand under policy support. The next phase depends on whether Indian manufacturers can convert capacity additions into reliable supply chains, export competitiveness, and bankable returns. For solar companies, the story is less about whether India can add capacity and more about how quickly it can localise value, manage integration, and build durable margins.