Top performer of Nifty Auto Index launches new vehicle in Nepal

By Asmita pants IST (Released)


TVS Motor is the best performing stock in the Nifty Auto Index this year. The new launch in Nepal will make it the most powerful 125cc scooter in the country.

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wealth desk

To buy to sell TVS engine to share

Two- and three-wheeler manufacturer TVS Motor Company has launched the new TVS NTORQ 125 Race XP in Nepal.

The vehicle is the most powerful 125cc scooter in Nepal, the company said in an exchange filing. The launch price of the scooter has been set at Rs 3.06 lakh.

The scooter is equipped with voice assist function, as well as mode change, navigation, console brightness adjustment and DnD function.

Prior to this launch, the company launched the TVS ‘Raider’ motorcycle, targeting young customers in Nepal in November last year. It had also launched the Apache RTR 200 4V in Nepal in September 2021.

“This (NTORQ 125) is going to be a game changer in Nepal. We have witnessed the popularity of this scooter in the past and can assure that the TVS NTORQ 125 Race XP will create a buzz among new age riders,” said a authorized distributor of TVS two-wheelers in Nepal.

For FY22, the share of exports in TVS Motors’ revenue mix increased to 36%, from 28% for FY21.

Shares of TVS Motor are trading up 0.3% at Rs 1,028 and are up 63% this year. The stock is also the best performer on the Nifty Auto Index this year.


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