Vikram Solar Eyes Market Share Surge Amid AI, Green Energy Boom

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CNBC TV18•25-02-2026, 15:00
Vikram Solar Eyes Market Share Surge Amid AI, Green Energy Boom
- •Vikram Solar aims to expand its market share in India, driven by increasing demand for green energy, especially from AI and data centers.
- •Chairman Gyanesh Chaudhary states AI will not operate without renewables, presenting a huge opportunity for India.
- •The company currently holds 10-12% market share and expects steady growth over the next two financial years.
- •Vikram Solar has "absolutely nil" exposure to the new 126% US tariff on Indian solar products, as it applies to cells, not panels.
- •Shifting focus from exports to the domestic market, and exploring Europe and APAC, due to changing global trade dynamics.
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