TVSMOTORBSETVS Motor Company LtdMediumPositive
Announced Fri, 15 May · 16:00 IST

TVS MOTOR COMPANY STRENGTHENS EV PORTFOLIO IN NEPAL WITH THE LAUNCH OF TVS KING EV MAX

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TVSMOTOR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-5.2%1-day move
₹3467.00
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₹3430.00
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AI summary

TVS Motor Company has launched its connected passenger electric three-wheeler, TVS King EV MAX, in Nepal through its authorized distributor Jagdamba Motor Private Ltd. The vehicle offers a certified range of 179 kms on a single charge, fast charging capability (0-80% in 2 hours 15 minutes), and is powered by an 11 kW motor with a 9.2 kWh lithium-ion LFP battery. Key features include smart connectivity via TVS SmartXonnect, best-in-class acceleration (0-30 km/h in 3.7 seconds), and a 6-year/150,000 km warranty. Nepal is identified as one of the fastest-growing EV markets globally, particularly for passenger and commercial electric three-wheelers due to lower operating costs. The product will be available across the full dealer network by June 2026.

Likely market impact

This launch expands TVS Motor's electric three-wheeler portfolio into a new geography and strengthens its EV presence in Nepal's rapidly growing EV market. However, this is a product launch announcement without a specific order value or volume commitment, so the financial impact on revenue remains to be seen based on actual sales uptake.