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EquityWireTata Motors launches Curvv.ev at introductory price of 1.75 mln rupees

Tata Motors launches Curvv.ev at introductory price of 1.75 mln rupees

This story was originally published at 19:55 IST on 7 August 2024
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Informist, Wednesday, Aug 7, 2024

 

--Tata Motors: Plan 4 new showrooms for electric vehicles in Kerala 

--Tata Motors Chandra: Curvv EV to have 55 kWh, 45 kWh battery packs 

--Tata Motors Chandra: Curvv EV will be powered by 123 kW motor 

--CONTEXT: Tata Motors Passenger Vehicles MD Chandra at Curvv launch 

--Tata Motors: Curvv to also have diesel, petrol engine options 

--Tata Motors: Top speed of electric vehicle Curvv 160 kmph 

--Tata Motors: Curvv EV to have vehicle-to-vehicle charging feature 

--Tata Motors: Curvv EV to have ground clearance of 190 mm 

--Tata Motors: Curvv EV to come with 500 ltr boot space 

--Tata Motors: Curvv EV maximum range 585 km on full charge 

--Tata Motors: Curvv real world range 400-425 km with 55 kWh battery 

--Tata Motors launches electric SUV coupe Curvv 

--Tata Motors: Starting price of Curvv EV 1.75 mln rupees 

--Tata Motors to announce internal combustion engine Curvv price Sep 2 

--Tata Motors: Top model of Curvv EV priced 2.20 mln rupees 

--Tata Motors Chandra: Sales of e-vehicles to remain strong in long term 

--Tata Motors Chandra: Enquiries for e-vehicles remain strong 

--Tata Motors: Expect growth in passenger vehicle industry Oct-Mar 

--Tata Motors: Apr-Sep sales seen flat due to high base of last yr 

 

By Darshan Nakhwa

 

MUMBAI – Tata Motors Ltd today launched Curvv.ev, an electric coupe sport utility vehicle, at an introductory price of 1.75 mln rupees. The mid-size coupe SUV will have 45 kWh and 55 kWh battery options. The variant with a 55 kWh battery will be sold at an introductory price of 1.93 mln rupees, and its top model will be available at 2.20 mln rupees. 

 

The coupe SUV with a larger battery is expected to offer a maximum range of 585 km, and a real-world range of 400-425 km. The variant with a 45 kWh battery will offer a maximum range of 502 km, and a real-world range of around 330 km, the company's management said at the launch. 

 

The electric vehicle's 55 kWh battery pack includes prismatic cells for significantly faster charging speeds, enabling charging from 10% to 80% in just 40 minutes or for quick top-ups of up to 150 km of range in just 15 minutes, the company's management said. The passenger vehicle will also include a vehicle-to-vehicle and vehicle-to-load charging feature. 

 

Curvv.ev, based on Tata Passenger Electric Mobility’s pure electric vehicle architecture, acti.ev, will come with a 123 kW motor, which will deliver 167 PferdStarke power and a top speed of 160 kmph. The automaker is offering a warranty of 160,000 km or 8 years on the battery and the motor. 

 

In terms of utility, Curvv.ev will come with 500 ltr boot space and an extra 11.6 ltr in the Frunk upfront. The variant with the larger battery will have a ground clearance of 186 mm and the model with the smaller battery will have a ground clearance of 190 mm.

 

The electric vehicle will also include a panoramic sunroof, ventilated front seats and electric front charging lid with an auto open and closing function. It will also come with an advanced driver assistance system, an acoustic vehicle alert system and ambient lighting in the cockpit. Tata Motors will sell Curvv.ev in Virtual Sunrise, Pure Grey, Pristine White, Flame Red and Empowered Oxide colour options.

 

Curvv.ev will compete with MG Motor's ZS EV and Citroen's Basalt in India. Tata Motors is the market leader in the electric passenger vehicle space in the country. The segment contributes to 12% of its overall sales. With the launch of Curvv.ev, the electric vehicle portfolio of Tata Motors has expanded to five models, including Nexon, Punch, Tigor and Tiago. The company also plans to launch the electric variant of its sport utility vehicle Harrier this year.  

 

Tata Motors reported a year-on-year decline in retail sales of electric vehicles in the last three months even after launching new models like the Nexon.ev and Punch.ev. In July, its sales were down 12.7% on year at 4,775 units, and in June volumes fell 20.8% on year to 4,346 units. Even in May, the company reported a decline of 15.5% on year to 5,083 units. In comparison, MG Motor India Pvt Ltd and Mahindra & Mahindra Ltd – the number two and three manufacturers – reported a year-on-year increase in sales.   

 

"In July, the passenger vehicle industry saw 10% growth in registration compared to July 2023. In May and June there was a drop in overall retail sales, but enquiries remained very strong... I am very confident that the (sales) trend is going to remain strong because enquiries have been stable," Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Managing Director Shailesh Chandra said on the slowdown in sales of electric vehicles in India.

 

Chandra said sales of the passenger vehicle industry are expected to be flat in Apr-Sep due to the high base of last year. However, the industry will likely record growth in Oct-Mar.

 

Currently, Tata Motors sells its electric vehicles through its traditional four-wheeler showrooms and exclusive electric vehicle stores. The company in December launched two electric vehicle showrooms in Gurugram. It aims to increase this count to 100 stores. After Gurugram, the company plans to open four new electric vehicle showrooms in Kerala, said Chandra.

 

The automaker also unveiled the internal combustion engine variant of Curvv. The coupe SUV will be available with two petrol engine options – new Hyperion Gasoline Direct injection engine and the 1.2 ltr Revotron Petrol Turbocharged engine – and a diesel engine option - 1.5 ltr Kryojet diesel engine. The company will announce prices of these variants on Sep 2. 

 

Today, shares of Tata Motors ended 1.1% higher at 1,025.30 rupees on the National Stock Exchange. End

 

Edited by Saji Geroge Titus 

 

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Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

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