Havells India Eyes ₹1,500 Crore Milestone in Solar Business Within Two Years

Havells India, one of the country’s leading electrical goods manufacturers, is setting its sights on a major expansion in the renewable energy sector. The company expects its solar business to cross the ₹1,500 crore revenue mark within the next couple of years, driven by growing demand for sustainable energy solutions and government-led green initiatives.

Strong Push into Renewable Energy

Over the past few years, Havells has steadily diversified its portfolio beyond traditional electrical products like cables, switches, and appliances. Solar power, a rapidly growing segment in India’s energy landscape, has emerged as a key focus area.

Speaking to media, company executives highlighted that the increasing adoption of rooftop solar systems, coupled with the government’s push towards renewable capacity expansion, has created a fertile ground for growth. Havells aims to capture a bigger slice of this expanding market by leveraging its strong distribution network and trusted brand name.

Market Potential Backed by Policy Support

India has set ambitious renewable energy targets, aiming to achieve 500 GW of non-fossil fuel-based capacity by 2030. Solar power is expected to contribute the largest share to this goal. Initiatives like subsidies for residential rooftop installations, net metering policies, and incentives for commercial setups are boosting the sector’s prospects.

For Havells, this means a ready customer base across residential, commercial, and industrial segments. The company is actively working to offer integrated solar solutions, including panels, inverters, and energy storage systems, catering to varied needs.

Product Innovation and Quality Focus

Havells has built its reputation on quality and reliability, and the company is applying the same philosophy to its solar business. From high-efficiency solar modules to advanced inverters with smart monitoring capabilities, the brand is focusing on delivering long-lasting and high-performance products.

Industry insiders note that the market is increasingly favoring trusted brands as customers become more aware of the technical and financial benefits of quality solar solutions. This shift is likely to work in Havells’ favor, especially in a competitive market where low-cost imports sometimes compromise reliability.

Growing Demand from Multiple Sectors

The demand for solar energy is no longer confined to large-scale projects. Residential rooftop systems are gaining popularity due to rising electricity tariffs and awareness about environmental benefits. In the commercial and industrial segments, solar adoption is being driven by cost savings and corporate sustainability commitments.

Havells plans to tap into all these segments, offering customized solutions and after-sales support to ensure long-term satisfaction. Additionally, the company sees opportunities in rural electrification projects, where off-grid solar systems can provide dependable power in areas with limited grid access.

Revenue Target and Roadmap

Havells’ target of ₹1,500 crore in solar business revenue is part of a broader growth strategy. The company aims to expand its solar product range, enhance manufacturing capabilities, and forge partnerships with installers and developers across the country.

While the timeline is set for the next couple of years, executives are confident that market momentum and policy support will enable them to meet — or even exceed — the target.

A Step Towards Sustainability

The expansion of Havells’ solar business aligns with the company’s commitment to environmental responsibility. As the world moves towards cleaner energy sources, Havells is positioning itself not just as a manufacturer of electrical goods, but as a key contributor to India’s green energy transition.

If the company successfully hits the ₹1,500 crore milestone, it will mark a significant chapter in its journey — proving that traditional electrical brands can reinvent themselves and thrive in the renewable era.