JMK Research & Analytics, an India-based clean energy consultancy, has reported a slight decline in solar module prices in its June 2025 update. As per JMK Research, Mono PERC 500 Wp and bifacial modules are priced at INR 17.70/Wp (~$0.21/Wp) and INR 17.80/Wp (~$0.21/Wp), while TOPCon modules have dropped to INR 18.90/Wp (~$0.23/Wp). The key market updates in manufacturing sector include TP Solar surpassing 4 GW in module output and 1.4 GW in cell production at its Tirunelveli plant, which is India’s largest integrated solar facility. Involt Energy has started constructing a 1.78 GW TOPCon solar cell facility in Gujarat and has announced an additional 3 GW expansion. Saatvik Solar is building an integrated manufacturing hub in Odisha with 8.8 GW combined module and cell capacity. Premier Energies has commissioned a 1.2 GW TOPCon solar cell line in Hyderabad, raising its capacity to 3.2 GW. TANFAC Industries has launched a 5,000 TPA solar-grade DHF plant for PV cell processing.