In 2 O 3 and In 2 O 3 -MWCNTs, thin films were prepared by means of sol-gel spin coating technique for dyesensitized solar cells (DSSCs). The morphological characteristics of In 2 O 3 and In 2 O 3 -MWCNT thin films were studied via atomic force microscopy (AFM) and field emission scanning electron microscopy (FESEM). The porous and rough surface structure of nanograss In 2 O 3 increased the surface area for improved dye loading. The low photovoltage issue in In 2 O 3 -based DSSCs was addressed by the incorporation of MWCNTs. The bandgap decreased when In 2 O 3 was incorporated with MWCNTs. The presence of MWCNTs in the thin film caused the fermi level (E F ) to shift upward and this leads to a larger energy gap between E F and the iodine redox level (E REDOX ) that results in higher photovoltage. The In 2 O 3 -MWCNT-based DSSCs exhibited better photovoltaic performance than In 2 O 3 -based DSSC with photovoltaic efficiency of 1.29 and 0.14 %, respectively. The electrochemical impedance spectroscopy (EIS unit) supported the photovoltaic performance by quantifying that the In 2 O 3 -MWCNT thin films provide more efficient charge transfer with the lowest effective recombination rate and high electron lifetime, hence improving the performance of DSSCs.