TVS leads Nepal’s auto market as Jagdamba Auto posts Rs 4.42 billion in half-year revenue

Kathmandu – Jagdamba Auto Group, part of the Shanker Group and official assembler and distributor of TVS two-wheelers and three-wheelers in Nepal, has generated nearly Rs 4.42 billion in operating revenue in just the first six months of the current fiscal year 2025/26.

The company recorded Rs 4.42 billion in operating income during this period. In previous fiscal years, it reported Rs 6.99 billion in 2024/25, Rs 4.85 billion in 2023/24, and Rs 2.737 billion in 2022/23.

TVS motorcycles and scooters have recently emerged as the most preferred choice in Nepal’s two-wheeler market. The brand has gained strong traction among consumers due to its affordability, modern design, fuel efficiency, and dependable performance. Its presence has expanded steadily from urban centers to rural markets, supported by an aggressive expansion of sales and service networks across the country.

The company has further strengthened its market position through new model launches aimed at younger customers, along with attractive financing schemes and exchange offers. These strategies have helped TVS steadily increase its market share and remain highly competitive in Nepal’s automobile sector.

Established in 2014, Jagdamba Auto Group operates as the official assembler of TVS two-wheelers and three-wheelers in Nepal. All assembled units are supplied within the group to Jagdamba Motors. The company is fully owned by Sahil Agrawal, who serves as its sole shareholder and director.

The company has also seen steady improvement in profitability. Its post-tax profit margin stood at 6.02 percent in fiscal year 2023/24, rose to 7.09 percent in 2024/25, and reached 8.15 percent in the first six months of the current fiscal year. Cash reserves during this period have reached Rs 407 million.

Jagdamba Auto imports all vehicles and components for assembly directly from TVS Motor Company in India. It has also benefited from the government’s assembly industry promotion policy, which offers a 50 percent excise duty concession and a 25 percent import tax exemption on parts and raw materials used in vehicle assembly.

The company has secured credit ratings covering a total of Rs 1.91 billion, including Rs 40 million in long-term facilities and Rs 2.665 billion in short-term facilities.