Tata Curvv EV Available With Rs 2 Lakh Down Payment, EMI Details Out

Pune, 19th August 2024: Tata Motors has recently launched the Tata Curvv EV in India, introducing an attractive finance option for buyers. For those interested in purchasing the base variant, Tata Curvv EV Creative 45, the company offers a financing plan where buyers can bring the vehicle home with a down payment of just Rs 2 lakh. The total on-road price in Delhi is approximately Rs 18.40 lakh. After making the down payment, buyers will need to finance Rs 16.40 lakh from the bank. With an interest rate of 8.7% over a seven-year tenure, the monthly Equated Monthly Installment (EMI) would be Rs 26,137.

Tata Motors launched the Curvv EV in August 2024, targeting eco-conscious buyers seeking a stylish and practical electric vehicle. The base variant, Creative 45, is priced at Rs 17.49 lakh ex-showroom. When purchased in Delhi, additional charges like insurance and Tax Collected at Source (TCS) bring the on-road price to approximately Rs 18.40 lakh.

For buyers opting to finance their purchase, after the initial Rs 2 lakh down payment, the remaining Rs 16.40 lakh can be financed through a bank loan. The bank offers a loan at an 8.7% interest rate for a seven-year tenure, resulting in a monthly EMI of Rs 26,137.

Over the seven-year period, buyers will pay approximately Rs 5.55 lakh in interest alone. This brings the total cost of the vehicle, including the ex-showroom price, on-road costs, and interest, to around Rs 23.95 lakh. This comprehensive finance plan makes the Tata Curvv EV Creative 45 a viable option for those looking to enter the electric vehicle market with manageable monthly payments.