The US Department of Commerce has imposed a 126 per cent tariff on Indian solar products after two Adani Group companies, Mundra Solar Energy and Mundra Solar PV, withdrew from the investigation proceedings, a preliminary anti-subsidy investigation report reviewed by The Indian Express shows. A query emailed to the Adani Group by The Indian Express did not elicit a response. US objects to dependence on ChinaWhile imposing steep tariffs on Indian solar products, the US Department of Commerce also pointed to India’s high dependency on Chinese imports. Solar imports from India were valued at $792.6 million in 2024, a more than nine-fold increase compared with 2022 levels, according to the US Commerce Department. “This could potentially exert pricing pressure on domestic OEMs and impact profitability of solar module manufacturers,” Jain said.

Source: Indian Express February 26, 2026 04:25 UTC