At EICMA 2024, it was announced that the new Honda PCX125 and Yamaha NMAX125 will be introduced to Europe. In Europe, there is a high demand for 125cc models that are compatible with the A1 license, but in Japan, the PCX160 and NMAX155/TURBO will be introduced at the same time. This time, we will compare these two vehicles based on the European spec 125cc models.
The rival PCX and NMAX
Honda's first PCX was announced at the 2009 Tokyo Motor Show, when the big scooter boom that had started with the Majesty had started to die down. Compared to big scooters that had become too big, luxurious and expensive, the PCX was accepted by a wide range of people from business users to young people because of its necessary size, equipment and appropriate price. In Japan, it was released in two versions: the PCX150, which can be ridden on highways, and the PCX that can be ridden with a small license, while the PCX150 was released in Indonesia and the PCX125 in Europe.
Yamaha released the XMAX125 for overseas markets, but this was a model that had a 125cc engine mounted on the XMAX body to comply with the European license system. The NMAX, Yamaha's direct rival to the PCX, is the youngest brother of the MAX series, which is led by the large scooter TMAX, which is highly popular in Europe and other places. The Indonesian version of the 155cc model was announced in 2015, and a 125cc model was additionally announced for the Japanese and European markets in 2016. When the NMAX was announced, its rival, the PCX, had undergone a model change to its second generation, and Yamaha had installed a newly developed Blue Core engine. The NMAX125 engine was equipped with a VVC (variable valve system) that switches the intake cam between low and medium-high speeds, and an SMG (smart motor generator) that integrated the motor and generator for starting the engine, and other advanced mechanisms were actively incorporated.
The newly released 2025 model PCX, the fifth generation, and NMAX, the third generation, have been redesigned. However, both vehicles are essentially keeping the same concept, which is a point where opinions are divided.

The new PCX125DX was on display at the EICMA venue. Its new sharp design, which inherits the design of previous PCX models, is attractive.

In Europe, the PCX will be a 125cc model that is A1 license-eligible, but a 160cc engine model will likely be available for the Asian market.

The headlights, which are based on a "V" motif, are perhaps the most symbolic feature of the new design of the PCX.

The NMAX125, the youngest model in the Yamaha MAX series, is a 125cc version of the 155cc model that was already introduced in Indonesia.

The headlights are called Dual Eye Projectors and feature vertically arranged projector lights. They are also equipped with LED DRLs.

The NMAX125 TECH MAX is equipped with a TFT color screen below the regular LCD meter.

Both the NMAX and PCX come equipped with keyless entry as standard. You can access the main switch, seat, etc. just by approaching with the key.

The NMAX is equipped with a Blue Core engine, VVC (Variable Valve System), SMG (Smart Motor Generator), and other features.

The higher-end model, the PCX125DX, is equipped with a shock absorber with a separate reservoir tank on the rear and a TFT color screen for the meter.

The NMAX125 TECH MAX shares the same bodywork as the standard model, and is equipped with a TFT color screen and a special seat.
A mature engine and chassis
First, let's compare the engines of the two European models. First of all, the engines of both vehicles comply with the Euro 5+ emission regulations. The basic engine type is a water-cooled 4-stroke SOHC 4-valve single cylinder 125cc, which can be said to be exactly the same. The bore x stroke is 53.5 x 55.5 mm for the PCX and 52.0 x 58.7 mm for the NMAX, so the PCX has a shorter stroke. The maximum output is 9.2 kW (12.5 PS) / 8750 rpm for the PCX and 9.0 kW (12.2 PS) / 8000 rpm for the NMAX, so the PCX generates a slightly higher output at higher revolutions. Looking at the maximum torque, the PCX is 11.7 N・m (1.2 kgm) / 6500 rpm, while the NMAX is 11.2 N・m (1.1 kgm) / 6000 rpm, which is 0.5 N・m lower, but the NMAX generates its maximum torque at a 500 rpm lower revolution. Both vehicles are equipped with traction control, so they can be considered equally competitive in terms of safety.

The PCX's engine is an enhanced "Smart Power Plus" (eSP+) 4-valve engine equipped with a Euro 5+ compliant O2 sensor.

The NMAX's engine is an economical 125cc engine developed using Yamaha's Blue Core technology, and complies with Euro 5+ emission regulations. As mentioned above, it is equipped with VVC and SMG.
Next, let's look at the body. The NMAX uses a backbone type frame instead of the underbone type frame that is standard for scooters, and the PCX has also changed to a double cradle type since the third generation. Both choices are more important than ease of getting on and off, and can be said to be a choice that prioritizes driving performance over ease of getting on and off, and it can be said that it is a choice that made the choice to be a sports scooter. The wheel size of the PCX is 14 inches in the front and 13 inches in the rear, while the NMAX uses 13 inches front and rear. Originally, the PCX had 14-inch wheels front and rear, and the rear tire size of the first model was 100/90-14, but the size was increased to 120/70-14 in the third generation, and further changed to 130/70-13 in the fourth generation. On the other hand, the NMAX has used a 130/70-13 size rear tire since the first model, and the PCX has been adapted to this.
Both bikes have front and rear disc brakes and ABS, and the suspension is upright front forks + rear twin shock, but only the PCX125DX comes with a reservoir tank. The PCX weighs 133kg (DX is 134kg), while the NMAX weighs 132kg, making it 1kg lighter, and when you consider the engine specs and other factors, you can say that the two bikes are truly on par with each other.

The PCX has a 14-inch front wheel. The brakes are single disc type and of course come equipped with ABS as standard.

The NMAX has a 13-inch front wheel. The brakes are single disc with ABS, the same as the PCX.

The PCX125DX is equipped with a rear shock absorber with a separate reservoir tank, so you can expect a higher level of riding performance.

Regardless of the grade, the NMAX rear shock absorbers are a simple one-piece type that firmly supports the weight of the spring with a twin type shock absorber.
Expectations for a full-color TFT screen
Let's compare the various equipment aspects. Both vehicles have two grades: PCX125 and PCX125DX, and NMAX125 and NMAX125TECH MAX. The biggest difference between these grades is the meter area on both vehicles. PCX125DX has a 5-inch TFT full-color screen with normal meter functions, while NMAX125TECH MAX has a 4.2-inch TFT full-color screen under the normal LCD type meter. Both can display various information in conjunction with a smartphone, but while PCX can only use the navigation system via smartphone, NMAX can use Garmin Navigation 3 for free in Europe. PCX has a larger screen, but NMAX has a separate meter that displays normal information, so it has better visibility, and considering that navigation can be used, NMAX will win here. However, it is not yet decided whether this navigation will be available in the Japanese version. In addition, even the standard NMAX model has smartphone connectivity, but only the DX model of the PCX can link with a smartphone.

The PCX125DX comes equipped with a TFT color screen meter. By linking it to a smartphone, you can be notified of incoming calls and emails, and use navigation.

The standard PCX125 has an LCD meter, which clearly displays all the information you need to know to ride.

The NMAX125 TECH MAX has a TFT color screen added under the LCD-type meter, allowing the navigation system to be fully displayed like a four-wheeled vehicle.

The NMAX125 only comes with an LCD meter, but it comes standard with a smartphone connectivity function.

Both Honda and Yamaha are strengthening their connected functions. Demand is particularly high among younger generations, and new models, from large to small, are being equipped with these features one after another.
The PCX has a larger luggage space under the seat at 30.4L compared to 25L for the NMAX, and the PCX is one step ahead in terms of loading capacity, with an optional smart key-linked top case available. Both vehicles are equipped with one USB-C type USB socket that can be used to charge smartphones and other devices, and both vehicles also come equipped with a smart key as standard.

The PCX has a large luggage space of 30.4 liters under the seat, and the optional top case is also available that is compatible with smart keys.

The NMAX's under-seat luggage capacity is 25L, which is enough to store one helmet and a jacket.

Both motorcycles are equipped with a USB-C type socket. It is an essential item if you want to use functions such as connecting to a smartphone.
Considering that the TFT full-color screen makes it much easier to use, the PCX125DX and NMAX125TECH MAX are attractive. By the way, if you look at the prices in the UK, the PCX125 and PCX125DX are still undecided, the NMAX125 is £3,600, and the NMAX125TECH MAX is £3,900. The price difference between the NMAX125 and NMAX125TECH MAX is about 8%, so since the current NMAX ABS is 345,000 yen, if the new model is changed to a new model and the price is raised by about 10%, it will be 379,500 yen (excluding tax), and the TECH MAX will be 8% higher, at 409,860 yen (excluding tax). The current 125cc PCX model is priced at 330,000 yen (excluding tax), so a 10% increase would bring the price to around 366,300 yen (excluding tax), and the DX to around 395,000 yen (excluding tax).
Either way, both are attractive vehicles, and both will likely be unveiled at the motorcycle show in the new year. The grades to be introduced have yet to be decided, but there is a possibility that the PCX 160 and the NMAX TURBO will be announced at the same time. Honda and Yamaha have collaborated to some extent, but as they are competing head-on in this class, expectations are building.
PCX 125/DX Main Specifications (2025 European Specs)
Overall Length x Width x Height: 1935 x 740 x 1225 mm
Wheelbase: 1315mm
Seat Height: 763mm
Vehicle Weight: 133 kg/134kg
Engine: liquid-cooled 4-stroke SOHC 4-valve single cylinder 125cc
Maximum Output: 9.2kW (12.5PS)/8750rpm
Max. Torque: 11.7N-m (1.2kgm)/6500rpm
Fuel Tank Capacity: 8.1L
Transmission: V-belt automatic
Brakes: F=disc, R=disc
Tire: F=110/70-14, R=130/70-13
NMAX 125/TECH MAX Main Specifications (2025)
Overall Length x Width x Height: 1935 x 740 x 1200 mm
Wheelbase: 1340mm
Seat Height: 770mm
Vehicle Weight: 132kg
Engine: liquid-cooled 4-stroke SOHC 4-valve single cylinder 125cc
Maximum Output: 9 kW (12.2PS)/8000rpm
Max. Torque: 11.2N-m (1.1kgm)/6000rpm
Fuel Tank Capacity: 7.1L
Transmission: V-belt automatic
Brakes: F=disc, R=disc
Tire: F=110/70-13, R=130/70-13