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Probably a borrowing from a non-Indo-Aryan language, though Mayrhofer is skeptical of the specific borrowing being from Middle Kannadaಹಟ್ಟ(haṭṭa, “a (movable) market”).[1][2] Alternative theories link the word to the root हृ(hṛ, “to take”).
Mayrhofer, Manfred (2001) Etymologisches Wörterbuch des Altindoarischen [Etymological Dictionary of Old Indo-Aryan] (in German), volume 3, Heidelberg: Carl Winter Universitätsverlag, page 530
Mayrhofer, Manfred (1976) Kurzgefasstes Etymologisches Wörterbuch des Altindischen [A Concise Etymological Sanskrit Dictionary] (in German), volume 3, Heidelberg: Carl Winter Universitätsverlag, page 572
Turner, Ralph Lilley (1969–1985) “haṭṭa”, in A Comparative Dictionary of the Indo-Aryan Languages, London: Oxford University Press, page 806