Bootstrapped electric vehicle startup Hexall Motors is planning to disrupt the electric commercial vehicles market by introducing their range of innovative electric goods carriers in the L5 category, electric passenger carriers, and further scale-up to electric buses for corporates looking to provide clean mobility for their staff and meet their ESG goals.
At the 2023 Auto Expo Hexall Managing Director Dinesh Tyagi formally unveiled its prototypes and said the products which will go into commercial production by July 2023 basis their disruptive pricing will rake in a chunk of the market for light electric commercial vehicles and buses netting in .5 million revenues within the first 24 months of operations.
“Our goal is that our customer should be able to recover the cost of the vehicle in 2 to 2.5 years,” Tyagi said.
The company at the expo unveiled three variants of its cargo vehicle Mammoth — large, medium and small.
It also unveiled the passenger vehicle Mammoth-HOP and EV city bus Bubble at the expo.
Hexall plans to have a production capacity of five EVs per day, which will scale up to 25 EVs per day by the end of the year.
“India’s electric three-wheeler market has seen a rapid transition in 2022 and in 2023 we see it growing three times with demand outstripping the supply. Hexall plans to start commercial production by July 2023 and is hopeful to see strong orders for our Mammoth range due to its higher load-carrying capacities and reliability which comes from the deep experience of its founders in the domestic auto industry, and disruptive pricing which will ensure that customer recovers the investment in less than 24-30 months,” said Tyagi sharing his future plans for the organisation.
Founded in July 2022, Hexall aims to transform the Electric Mobility segment by providing affordable and efficient Electric Vehicles.
The company founders have hired a huge talent pool of engineers across different domains of the Automotive industry including R&D, vehicle engineering, product planning, testing, validation and homologation, CAD-CAE, production engineering, inspection and certification.
“Our cumulative total experience of the Core team is over 114 man-years in the auto and allied industries in the CASE technology domains,” Tyagi further added.