Tata Curvv: The battle for the mid-size SUV segment in the Indian automobile market has intensified. Tata Motors’ first stylish coupe SUV, the Tata Curvv, is creating buzz due to its unique design and sporty appearance. If you’re looking to ditch the Hyundai Creta and Kia Seltos and drive something different and premium, the Tata Curvv could be a great option. Priced starting at ₹9.65 lakh, the top-spec Accomplished +A DCA 1.5 variant will have an interest rate of 9.5%, and here’s how much additional interest you’ll pay for different loan tenures.
Mid-size SUV Segment
In the Indian market, the Tata Curvv competes directly with established SUVs like the Hyundai Creta, Kia Seltos, and Maruti Suzuki Grand Vitara. While other vehicles sport a traditional boxy design, the Curvv’s coupe-style roofline and sporty stance make it stand out from the crowd. However, sales have been slower than the company’s expectations at launch.
Auto experts believe that intense competition in the segment and customer concerns about service quality and reliability are impacting sales. Despite this, its tag of being the safest and most stylish car in its segment continues to make it a popular choice among young people.
Pricing and Great Variants
The Tata Curve is offered with multiple engine options and advanced features. Its ex-showroom price starts at approximately ₹9.65 lakh and goes up to ₹18.85 lakh. It is available in petrol, diesel, and electric variants. Its top variant, the ‘Accomplished +A DCA 1.5’, is equipped with all the features you would expect from a modern SUV. It boasts luxury features like ADAS, a 360-degree camera, a panoramic sunroof, and ventilated seats, ensuring a safe and comfortable ride.
Loan for Top Variants
If you take the most expensive variant of the Tata Curve with 100% finance, i.e., the entire loan, with an ex-showroom price of ₹18.85 lakh, your EMIs at an interest rate of 9.5% will be as follows. If you choose a shorter loan term of 2 years (24 months), your monthly EMI will be approximately ₹86,539, and you will have to pay a total interest of ₹1.92 lakh.
For a 3-year (36-month) loan, this EMI will be reduced to approximately ₹60,375, but the interest will increase to ₹2.88 lakh. However, if you choose a longer term of 4 years (48 months), your EMI will be reduced to just ₹47,352, although you will have to pay a total interest of ₹3.88 lakh to the bank.
Car Loans and EMIs
Before buying a car, it’s crucial to understand the factors that determine your monthly installments. The primary factor is the down payment; the more money you deposit upfront, the lower your monthly installments will be. The second major factor is the interest rate; different banks set rates based on their terms and your credit score. The third is the loan term; longer loan terms may result in lower installments, but you’ll incur higher interest. Therefore, it’s wise to choose the right loan plan based on your monthly income and budget.
