Trump's 126% Duty Hits Indian Solar Exports; Manufacturers Eye Home Market

• US imposes 126% countervailing duty on Indian solar cells and modules, citing government subsidies.
• Indian solar stocks crashed up to 15% but manufacturers like Waaree Energies and Emmvee Photovoltaic Power remain confident.
• Waaree Energies plans to expand US manufacturing to 4.2 GW and diversify supply chains, including investments in Oman.
• Emmvee Photovoltaic Power, with 99.13% domestic sales, expects minimal impact, focusing on the Indian market.
• Analysts predict short-term impact on export volumes and pricing pressure in the Indian market due to redirected volumes.