Emmvee Group, one of the oldest solar PV manufacturers in India, has been in the industry for over 30 years now, and has been manufacturing modules for more than 18 years. Very recently, the company celebrated its listing on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
During the TaiyangNews Leadership Talks at Renewable Energy India Expo (REI) 2025, Emmvee Group President and CEO Suhas Donthi sat down for an exclusive interview with TaiyangNews Head of Technology Shravan Chunduri to discuss it’s the company’s strategy moving forward.
Donthi believes the current market environment in India is very conducive for domestic manufacturing. He highlighted that Emmvee already operates large-scale cell and module production lines, with capacities of 2.9 GW and 7.8 GW, respectively. It is expanding further to reach about 16.3 GW of module capacity and 8.9 GW of cell capacity.
Emmvee also plans to venture into further backward integration. Donthi said that moving into ingots and wafers is a natural step for any integrated manufacturer. Emmvee, however, is evaluating the right time for this transition, and its plans align with MNRE’s policy roadmap.
Regarding technology choices, Donthi noted that rapid technological change in PV is both challenging and beneficial because it helps reduce costs. When the company entered cell manufacturing in 2022, it chose TOPCon despite most of the industry still using mono PERC, as Emmvee expected a shift toward newer technologies. He said that the decision is now paying off, and the company will continue adopting new technologies at the right moment.
Reflecting on global competition, Donthi shared that Emmvee has lived through multiple industry cycles and grown from a small 15 MW operation to now reaching around 25 GW of integrated capacity. He described Emmvee as conservative but strategic and agile, focusing on timely decisions, product quality, and playing to its strengths rather than chasing headlines.
