The draft notification mandates local sourcing of key components used in the manufacturing of wind turbines, including blades, gearbox, generators and towers.
This move aims to increase domestic content usage in the wind turbine production and also makes it mandatory to have blades, towers, gear box and generators procured compulsorily from domestic vendors.
According to the notification, it will also be mandatory to locate the data centre and India and a Research & Development (R&D) centre in India within six months.
The move is aimed at addressing concerns from Chinese OEMs in the wind turbine generator market, thereby addressing concerns regarding the potential loss of market share and pressure on Wind Turbine Generation (WTG) margins.
In an interaction with CNBC-TV18 on March 27, Suzlon Group CEO JP Chalasani had highlighted that the company is facing challenges on ground in terms of executing wind energy projects. Chalasani also mentioned that Suzlon’s order book in financial year 2026 will remain similar to the current financial year.
Inox Wind’s management has also highlighted to CNBC-TV18 that they are looking at delivering 800 MW in financial year 2025 and 1,200 MW in the ongoing new financial year.
The management also mentioned that there will be no impact of the ongoing trade wars on their business as they remain focused only on the Indian markets.
Shares of Suzlon Energy are trading 7.5% higher on Monday at ₹59.22. The stock has corrected nearly 40% from its recent high of ₹86.
Shares of Inox Wind are trading 3.7% higher on Monday at ₹168.9, and are down 37% from their recent highs of ₹261.
First Published: Apr 21, 2025 4:36 AM IS