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Even though it increases the landed cost by 4-5 cents/Wp for imported modules and 1-2 cents/Wp for imported cells, Domestic Content Requirement (DCR) modules are pricier than both imported as well as non-DCR modules on a landed basis, according to CareEdge.“Although the impending implementation of ALMM-I led to a surge in module imports in H2FY24, resulting in module imports of $4.35 billion in FY24, imports moderated to $1.02 billion in the first half of FY25, compared to $1.14 billion in the same period of FY24,” CareEdge said in its report.Cell imports gradually increased to $1.31 billion in FY23 and $1.85 billion in FY24 but dropped to $0.74 billion in the first half of FY25, likely due to enhanced domestic cell supply as Indian players continue to scale up cell capacities.Oil prices went down on Friday due to concerns about slower demand growth in 2025, particularly in China.

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Meanwhile, slower interest rate cuts could hinder economic growth and reduce oil demand.

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