• US tariff impact: Waaree Energies expects zero impact on its US export business from new preliminary duties because US tariffs apply to cell origin, and the company sources its solar cells exclusively from low-duty countries.
• Domestic cell allocation: The company reserves all made-in-India solar cells entirely for domestic market requirements under upcoming local policies, with no plans to export Indian-made cells.
• US manufacturing footprint: Waaree operates two panel assembly plants in the United States, utilizing cells imported from various countries based on prevailing duty levels.
• Trade investigation context: Indian manufacturers will present their case in upcoming hearings, noting that India accounted for under 3.6% of total US solar imports during the three-country investigation period.