Two- and three-wheeler manufacturer TVS Motor on Monday launched a new 125cc scooter, TVS Ntorq, priced at Rs 58,750 (ex-showroom in New Delhi).
The firm has invested around Rs 1 billion in the new vehicle and targets to sell 200,000 units in the first year.
The new scooter joins the company’s other products, including popular scooterette, Scooty Pep, scooters TVS Jupiter and We Go. The product will be available in the next one week across the country, said TVS Motor CEO K N Radhakrishnan.
TVS’s current market share is about 17 per cent in the scooter category, while it has market share of