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Waaree, India's biggest PV module supplier, opens 5.15GWh battery storage assembly plant
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Fusion42 · 17 July 2026 · Fusion42 review
Waaree, India's largest solar module maker, has opened a 5.15GWh battery storage assembly plant in Andhra Pradesh as part of a 20GWh manufacturing roadmap, whilst also ramping cell production to 3.5GWh annually. The move signals India's shift towards downstream energy storage integration, though cell manufacturing remains a bottleneck—India has only ~1GWh of cell capacity against 60GWh of pack capacity, leaving the country exposed to a projected US$23 billion annual battery import bill by 2030.
This Wire brief sits within Fusion42's coverage of Climate Tech.
◆ ◆ The Wire takeaway
If you make lithium-ion battery cells or the precursor materials (cathode, anode, electrolyte), India just opened a 76GWh pack-assembly market with almost zero local cell supply—you have a five-year window before Waaree and Tata close that gap themselves. The PLI scheme failed; non-PLI players are buying cells offshore and assembling locally, which means your customer is sitting three months' shipping and currency risk away from margin collapse.
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1 source · 17 Jul 2026
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