Chennai: Expanding it's product portfolio, two and three wheeler manufacturer TVS Motor today forayed into the 125cc scooter segment, with the launch of NTORQ, here, priced at Rs 58,750 ex-showroom New Delhi.
The new scooter joins the company's other products including popular scooterette Scooty Pep, scooter TVS Jupiter, We Go.
According to company officials, the overall scooter category in domestic market was growing at 17.4 per cent CAGR over the last six years.
"I am happy to launch the latest offering (from TVS Motor) for the young audience 18-24years..",
TVS Motor President and CEO, K N Radhakrishnan told reporters here. Stating that the product was positioned for young customers, he said, the vehicle 'will be available all India in a week's time'.
To a question, he said, the company was expecting to sell more than two lakh units in the first year of launch.
He replied in the affirmative that the product would also be shipped to overseas markets besides catering to domestic market.
He said the company was holding 17 per cent market share in the scooter segment and was "growing" more than the industry.
