State Road 132 (NM 132) is a state highway in the US state of New Mexico. Its total length is approximately . NM 132's southern terminus is at NM 18/NM 218 in Hobbs, and the northern terminus is at Texas State Highway 83 (SH 83) and Farm to Market Road 769 (FM 769) at the TexasâÂÂNew Mexico state line.