Stock to watch: TVS Motor launches TVS NTORQ 125 in Bangladesh

TVS Motor Company, one of the leading manufacturers of two-wheelers and three-wheelers in India announced on Monday that it will launch TVS NTORQ 125 race edition in Bangladesh. 

Designed for the youth, TVS NTORQ 125 has been developed based on the TVS Racing pedigree. It also marks the launch of an exclusive technology platform – TVS SMARTXONNECTTM - making it Bangladesh’s first Bluetooth-connected scooter. 

The new product launch can be expected to increase the exports for TVS Motor and is growth positive for the company.

The share price of TVS Motor is down by 0.73 per cent on an intraday basis after the stock opened in green on Monday. TVS Motor has underperformed markets in the past one month as it dropped by 12.87 per cent while on a YTD basis, the shares of TVS Motor have slipped by 3.40 per cent. In one year, the stock is up by 13.45 per cent.