New Delhi: Tata Motors, one of India’s leading automobile manufacturers, offers a range of electric cars and SUVs. In the coupe SUV segment, the company has introduced the Tata Curvv EV, which comes with futuristic styling and an electric powertrain. If you are planning to buy its base variant, the Creative 45, and wondering how much EMI you will have to pay after a down payment of ₹2 lakh, we have all the details for you.
Tata Curvv EV Creative 45 Price
Tata Motors has priced the Curvv EV Creative 45 at an ex-showroom price of ₹17.49 lakh. If purchased in Delhi, additional expenses such as registration fees (₹7,000), insurance (₹7,000), and TCS charges (₹17,490) will be applicable. As a result, the on-road price of the Tata Curvv EV Creative 45 in Delhi stands at ₹18.47 lakh.
EMI Calculation for Tata Curvv EV with ₹2 Lakh Down Payment
If you purchase the Tata Curvv EV Creative 45, banks will finance the car based on the ex-showroom price. After a down payment of ₹2 lakh, you will need a loan of approximately ₹16.47 lakh. Assuming an interest rate of 9% per annum for a loan tenure of 7 years, the monthly EMI will be ₹26,498.
Here’s a breakdown of the total cost:
- Loan Amount: ₹16.47 lakh
- Tenure: 7 years
- Interest Rate: 9% p.a.
- Monthly EMI: ₹26,498
- Total Interest Paid Over 7 Years: ₹5.78 lakh
- Final Cost of the Car (Including Interest): ₹24.25 lakh
Competition in the Electric Coupe SUV Segment
The Tata Curvv EV is a premium electric coupe SUV, competing with upcoming models like the Hyundai Creta Electric and MG Windsor EV. These rivals are expected to offer similar battery ranges and features, making this segment highly competitive.
If you are planning to buy an electric SUV with a coupe-like design and futuristic technology, the Tata Curvv EV is an excellent option. Stay tuned for more updates on EV pricing, finance options, and upcoming electric vehicles!