---
title: "ASM vs Vikram Solar - Brand Comparison | ComparePV"
description: "Compare ASM vs Vikram Solar solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/asm-vs-vikram-solar"
---

# ASM vs Vikram Solar

Vikram Solar has the broader catalog (202 vs 1 models). Vikram Solar leads on peak efficiency at 23.69%. Vikram Solar leans bifacial (74% of lineup).


## The two companies


| Attribute | ASM | Vikram Solar |
| --- | --- | --- |
| Country | Australia | India |
| Headquarters | Hallam, Victoria | Kolkata |
| Founded | 2009 | 2005 |
| Employees | 1-10 | 1,895 |
| Annual capacity |  | 9.5 GW/year |
| Tier 1 | no | yes |
| Listed |  | NSE, BSE: VIKRAMSOLR |
| Website | [https://www.australiansolarmanufacturing.com.au](https://www.australiansolarmanufacturing.com.au) | [http://www.vikramsolar.com](http://www.vikramsolar.com) |

Australian Solar Manufacturing (ASM) is a small Australian solar panel assembler that produces crystalline monocrystalline modules domestically using components sourced from Germany, Japan, the USA, and China. The company focuses on providing locally assembled PV modules tailored to Australian conditions, supporting...

Vikram Solar Limited is a leading Indian solar photovoltaic (PV) module manufacturer and solar solutions provider. They offer engineering, procurement, construction (EPC), and operations & maintenance (O&M) services for solar plants. The company manufactures high-efficiency solar PV modules and has a pan-India...


## Catalog & Power


| Measure | ASM | Vikram Solar | Margin |
| --- | --- | --- | --- |
| Panel Models | 1 | 202 | +201 |
| Max Power | 170 W | 735 W | +565 W |
| Avg Power | 170 W | 553 W | +383 W |


## Efficiency


| Measure | ASM | Vikram Solar | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 16.00% | 23.69% | +7.69 pp |
| Avg Efficiency | 16.00% | 21.45% | +5.45 pp |


## Reliability & Warranty


| Measure | ASM | Vikram Solar | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.438%/°C | -0.334%/°C | +0.104 |
| Bifacial Share | 0 (0%) | 150 (74%) | +74 pp |
| Avg Warranty | - | 28.6 yrs |  |


## Efficiency distribution

Vikram Solar skews to higher efficiency: 8% of lineup is 23%+


| Efficiency band | ASM | Vikram Solar |
| --- | --- | --- |
| \<20% | 1 (100.0%) | 11 (5.4%) |
| 20-21% | 0 | 42 (20.8%) |
| 21-22% | 0 | 106 (52.5%) |
| 22-23% | 0 | 27 (13.4%) |
| 23%+ | 0 | 16 (7.9%) |


## Power distribution

Vikram Solar offers more 600W+ panels (42% of lineup)


| Power band | ASM | Vikram Solar |
| --- | --- | --- |
| \<400W | 1 (100.0%) | 12 (5.9%) |
| 400-499W | 0 | 54 (26.7%) |
| 500-599W | 0 | 52 (25.7%) |
| 600-699W | 0 | 69 (34.2%) |
| 700W+ | 0 | 15 (7.4%) |


## Cell technology

Dominant cell tech: **PERC** (75%)


| Technology | ASM | Vikram Solar |
| --- | --- | --- |
| Unknown | 1 (100.0%) | 0 |
| PERC | 0 | 152 (75.2%) |
| N-type | 0 | 30 (14.9%) |
| HJT | 0 | 12 (5.9%) |
| TOPCon | 0 | 8 (4.0%) |


## Top panels, ASM


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [ASM170M](https://comparepv.com/panel/australian-solar-manufacturing-asm170m) | 170 | 16.0 | -0.438 | Monocrystalline |


## Top panels, Vikram Solar


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [SURYAVA VSMDH.66.735.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-735-05) | 735 | 23.7 | -0.260 | Monocrystalline |
| 2 | [SURYAVA VSMDH.66.730.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-730-05) | 730 | 23.5 | -0.260 | Monocrystalline |
| 3 | [SURYAVA VSMDH.66.725.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-725-05) | 725 | 23.3 | -0.260 | Monocrystalline |
| 4 | [SURYAVA VSMDH.66.720.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-720-05) | 720 | 23.2 | -0.260 | Monocrystalline |
| 5 | [HYPERSOL VSMDH.66.AAA.05-720](https://comparepv.com/panel/vikram-solar-hypersol-vsmdh-66-aaa-05-720) | 720 | 23.2 | -0.280 | Monocrystalline |
| 6 | [SURYAVA VSMDH.66.715.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-715-05) | 715 | 23.0 | -0.260 | Monocrystalline |
| 7 | [HYPERSOL VSMDH.66.715.05](https://comparepv.com/panel/vikram-solar-hypersol-vsmdh-66-715-05) | 715 | 23.0 | -0.300 | Monocrystalline |
| 8 | [HYPERSOL VSMDH.66.AAA.05-715](https://comparepv.com/panel/vikram-solar-hypersol-vsmdh-66-aaa-05-715) | 715 | 23.0 | -0.280 | Monocrystalline |
| 9 | [SURYAVA VSMDH.66.710.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-710-05) | 710 | 22.9 | -0.260 | Monocrystalline |
| 10 | [HYPERSOL VSMDH.66.710.05](https://comparepv.com/panel/vikram-solar-hypersol-vsmdh-66-710-05) | 710 | 22.9 | -0.300 | Monocrystalline |


## Summary

ASM, or Australian Solar Manufacturing, is a small-scale assembler headquartered in Victoria, Australia, founded around 2009. The company sources photovoltaic cells and components from suppliers in Germany, Japan, the United States, and China, then assembles finished modules domestically - a model aimed at delivering locally produced panels to the Australian market. ASM does not appear on BloombergNEF's Tier 1 bankable module manufacturer list, and no confirmed annual production capacity figure in gigawatts could be found in available sources. Vikram Solar, by contrast, is an Indian manufacturer founded in Kolkata (West Bengal) with facilities also in Chennai, and as of early 2024 it re-entered BloombergNEF's Tier 1 list. Following a 1 GW expansion at its Falta facility, Vikram Solar's nameplate annual capacity reached approximately 4.5 GW. On institutional footprint and bankability, Vikram Solar holds a clear and well-documented advantage.

In terms of product families, ASM historically offered monocrystalline modules in the lower wattage range, oriented toward small residential and light commercial rooftop installations in Australia. Vikram Solar's catalog is considerably broader: the Somera series targets mainstream mono-PERC residential and commercial applications, the Hypersol series uses n-type TOPCon cells with efficiencies confirmed above 23%, and the recently introduced Suryava module is an HJT bifacial product reaching over 725 W peak output. Vikram Solar is also a PVEL Top Performer, signaling strong reliability in independent testing, and its panels are deployed in utility-scale ground-mount projects across India, Europe, and the United States.

For a typical buyer in 2025, Vikram Solar is the more defensible default unless geography or local-content policy strongly favors Australian assembly. Its verified Tier 1 status, diversified technology roadmap covering TOPCon and HJT, and multi-GW production scale give it better long-term warranty backing and supply chain resilience. ASM serves a niche where Australian-made provenance matters - procurement rules, consumer preference, or carbon accounting - but outside that context it cannot match Vikram Solar's institutional depth or product breadth.

\---LINKS---

\- https://www.prnewswire.com/news-releases/vikram-solar-ranked-in-bnefs-tier-1-module-manufacturers-list-302067231.html \| Vikram Solar ranked in BNEF's Tier 1 Module Manufacturers List \| article

\- https://renewablewatch.in/2025/02/20/vikram-solar-gets-1-gw-capacity-boost-upgrades-facility-with-superior-efficiency-solar-modules/ \| Vikram Solar gets 1 GW capacity boost, upgrades facility - Renewable Watch \| article

\- https://www.pv-tech.org/vikram-solar-launches-first-hjt-product-suryava-module/ \| Vikram Solar launches first HJT product, the Suryava module - PV Tech \| article

\- https://www.energysage.com/solar-panels/vikram-solar/ \| Vikram Solar panels profile and reviews - EnergySage \| review

\- https://www.enfsolar.com/asm \| Australian Solar Manufacturing (ASM) company profile - ENF Solar \| article

Sources:

\- \[Vikram Solar ranked in BNEF's Tier 1 Module Manufacturers List\](https://www.prnewswire.com/news-releases/vikram-solar-ranked-in-bnefs-tier-1-module-manufacturers-list-302067231.html)

\- \[Vikram Solar gets 1 GW capacity boost - Renewable Watch\](https://renewablewatch.in/2025/02/20/vikram-solar-gets-1-gw-capacity-boost-upgrades-facility-with-superior-efficiency-solar-modules/)

\- \[Vikram Solar launches first HJT product, Suryava - PV Tech\](https://www.pv-tech.org/vikram-solar-launches-first-hjt-product-suryava-module/)

\- \[Vikram Solar panels - EnergySage\](https://www.energysage.com/solar-panels/vikram-solar/)

\- \[Australian Solar Manufacturing (ASM) - ENF Solar\](https://www.enfsolar.com/asm)

Written by claude-sonnet from the figures above.


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- [ASM vs A.B. Energy](https://comparepv.com/asm-vs-a-b-energy)
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- [AIKO vs Vikram Solar](https://comparepv.com/aiko-vs-vikram-solar)
- [ASM vs AKCOME](https://comparepv.com/asm-vs-akcome)
- [ARTsolar vs Vikram Solar](https://comparepv.com/artsolar-vs-vikram-solar)


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Source: https://comparepv.com/asm-vs-vikram-solar

Not in this file, on the page: the distributions above drawn as charts.