The current order book of wind OEMs has surpassed their annual manufacturing capacities, leading to favourable prospects for the manufacturers. The strong order book position is expected to result in healthy revenue and profitability for the major OEMs, driven by increased capacity utilisation.

• Strong policy support is in place for wind turbines and turbine components to promote domestic wind turbine manufacturing, as evident through the approved list of models and manufacturers (ALMM). The ALMM for wind turbines was issued on December 02, 2025, while the list for wind turbine components will be issued by the ministry separately.
• The current wind turbine manufacturing capacity in India stands at ~18-20 GW. The capacity utilisation of listed original equipment manufacturers (OEMs) is expected to increase to ~55-60% from the current levels of ~30-35%, given the healthy order book. Notwithstanding this, the challenges pertaining to land acquisition, right of way and transmission connectivity delays for wind capacity addition could impact execution timelines for the OEMs.