Hexall Motors eyes 50% of Delhi NCR e-comm and logistics biz

The Delhi-based EV firm is confident that it can achieve a turnover of Rs 800 to 1,200 crore within 12 months of business operations. Amit Vijay M meets the promoters to find out more.

- Amit Vijay M

Hexall Motors, the EV firm founded by former ICAT Director Dinesh Tyagi, has set ambitious plans to net a turnover of Rs 800 to 1,200 crore within 12 months of operations. The plan is to disrupt the electric commercial vehicles market by garnering 50 percent of the Delhi NCR e-comm market by Q1FY24.

The company, which showcased its range of unique cargo vehicles and buses at the AutoExpo 2023 has a steady stream of orders coming in from e-comm service providers and electric bus mobility solutions providers, said Ramanathan Srinivasan, Director of Hexall Motors.

The strong order book is attributed to the unique twinned wheels on the front and dual wheels at the rear for the company's 'Mammoth' range of electric goods carriers' higher load-carrying capacity.

Also, the low-cost 'Bubble' range of electric buses which offers the highest number of seats 41 on a 9.5-metre platform, has made Hexall carve a unique niche in both cargo and e-bus segments.

Hexall plans to manufacture 40 L5 vehicles per day and 50 buses per month from July 2023. This will be scaled up to a capacity of 1,20,000 vehicles per year and an e-bus capacity of 5,000 vehicles per year in FY25.