With its electric tractors, AutoNxt not only aims to aid the country in getting rid of pollution-causing, diesel-guzzling but also help farmers lower their farming costs
Currently, the startup sells only one electric tractor, X45H2, which comes with a 32 KW motor and produces 45 horsepower. The startup has more tractors models on the launch anvil
In the current fiscal, FY25, AutoNxt is aiming to clock INR 15 to INR 20 Cr in revenue by selling around 150 electric tractors
India’s EV landscape is undergoing a paradigm shift as the nation moves beyond electric two- and three-wheelers to embrace heavy-duty electric vehicles. AutoNxt, with its electric tractors, not only aims to aid the country in getting rid of pollution-causing, diesel-guzzling tractors but also help farmers lower their farming costs. While demand in this market fluctuates each year due to seasonal factors, it remains largely robust, driven by exports and non-agricultural sectors. All in all, AutoNxt’s larger aim is to lock horns with legacy players, including Mahindra & Mahindra, John Deere India, and Swaraj Tractor.While AutoNxt was founded particularly to solve the issues that farmers face with diesel tractors, the initial years of the startup were difficult as the EV wave had yet to gain significant traction in the country.“Pankaj was the missing piece in the puzzle that I needed to get the concept and R&D to a product level. We had already developed an R&D prototype, but that was not enough for us to make it commercially viable,” founder and CEO Dhonde said. In the current fiscal, FY25, AutoNxt is aiming to clock INR 15 to INR 20 Cr in revenue by selling around 150 electric tractors.Currently, the startup sells only one electric tractor, X45H2, which comes with a 32 KW motor and produces 45 horsepower. Priced at INR 16.5 Lakh, the tractor is capable of pulling 10-12 tonnes of weight. “We believe the way the traction for our vehicle is growing, we will need to expand to 500 tractors a month capacity in the next three to four years,” Goyal said.
For context, electric buses are slowly becoming more common on Indian roads. In addition, thanks to the country’s growing EV infrastructure and the government’s policy initiatives, electric truck manufacturers are also entering the picture.