Hexall Motors' Mammoth range to net between Rs 50 -100 crores in revenues by 2024

Hexall plans to start commercial production by July 2023.

Autocar Pro News Desk By Autocar Pro News Desk calendar 13 Jan 2023 Views icon4644 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

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 Motors unveiled its prototypes and the final 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 between Rs 50-100 crore in revenues within the first 12 months of operations.

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.

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.

Tata Motors to hike petrol and diesel car prices by 1.2% from February

auther Autocar Pro News Desk calendar27 Jan 2023

Carmaker cites increased input costs as reason for the price hike, its first in CY2023. In CY2022, Tata Motors had hiked...

All new Mahindra XUV400 booking open for Rs 21,000

auther Autocar Pro News Desk calendar27 Jan 2023

Mahindra XUV400 prices were announced earlier this month, with the SUV introductory price costing between Rs 15.99 lakh-...

Toyota Innova Crysta re-introduced; bookings open

auther Autocar Pro News Desk calendar27 Jan 2023

Prices for the updated Toyota Innova Crysta will be announced in the coming days.