Tata Punch, Nexon, Curvv and Tiago EVs get benefits up to ₹1 lakh till 30 June
Tata EV is offering discounts on its entire product range, covering the Curvv EV, Nexon EV, Punch EV, and Tiago EV. The offers include a mix of green bonuses and exchange or scrappage benefits, aimed primarily at clearing MY2024 inventory. Select MY2025 units of the Tiago EV and Punch EV also receive limited-time benefits. These discounts are applicable to purchases made throughout June 2025.
Curvv EV: Benefits up to ₹ 70,000
The Curvv EV, which entered the midsize electric SUV space earlier this year, is being offered with total benefits of up to ₹ 70,000 on MY2024 units. This includes a green bonus of ₹ 50,000 and up to ₹ 20,000 as an exchange or scrappage incentive. The Curvv EV is priced between ₹ 17.49 lakh and ₹ 22.24 lakh (both ex-showroom) and comes with two battery pack options, 45 kWh and 55 kWh, offering MIDC-claimed ranges of 430 km and 502 km. A new Dark Edition was added to the lineup in April. The model competes with upcoming electric SUVs like the Mahindra BE 6 and Hyundai Creta EV.
Also Read : Tata Motors to invest up to ₹ 35,000 crore in PV business in 5 years; focus on new models and cleaner powertrain tech Nexon EV: Benefits up to ₹ 40,000
Tata's best-selling EV, the Nexon EV, features relatively lower benefits for June. MY2024 variants come with a maximum discount of ₹ 40,000, split equally between green bonus and exchange offers. The Nexon EV is available with two battery options including a 30 kWh pack with a range of 275 km and a 45 kWh pack offering 489 km (MIDC). Prices range from ₹ 12.49 lakh to ₹ 17.19 lakh (both ex-showroom). Earlier this year, the larger battery variants received a 5-star Bharat NCAP crash safety rating. The Nexon EV rivals models like the MG Windsor and Mahindra XUV400. Tiago EV: Benefits up to ₹ 1 lakh
Among all the models, the Tiago EV sees the steepest discounts. On the MY2024 stock, benefits start at ₹ 55,000 for the base XE variant and go up to ₹ 70,000 for higher-end versions like the XZ+ and XZ+ Tech Lux ACFC (7.2kW). The mid-level XT LR variant receives the highest discount of up to ₹ 1 lakh. For the newer MY2025 units, all variants are eligible for flat discounts of ₹ 40,000. The Tiago EV is positioned as Tata's entry-level electric car, priced between ₹ 7.99 lakh and ₹ 11.14 lakh (both ex-showroom) and offers two battery options with 19.2 kWh and 24 kWh capacities and MIDC-claimed ranges of 221 km and 275 km.
Also Read : Tata Harrier EV: A showcase of Tata Motors' global tech ties and EV ecosystem vision Punch EV: Benefits up to ₹ 90,000
Discounts on the Punch EV also vary by variant and model year. MY2024 Long Range ACFC variants can get benefits up to ₹ 90,000. Entry-level Smart and Smart+ trims are available with ₹ 45,000 in benefits, while other variants get up to ₹ 70,000 off. Discounts on MY2025 units are lower, capped at ₹ 40,000 for all variants. Priced between ₹ 9.99 lakh and ₹ 14.44 lakh (both ex-showroom), the Punch EV features two battery pack options, 25 kWh and 35 kWh and two charger options, 3.3 kW and 7.2 kW. It competes with the Citroën eC3 in the compact EV space.
Check out Upcoming EV Cars in India.
First Published Date: 10 Jun 2025, 18:00 PM IST
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
4 hours ago
- Indian Express
Is Tata Motors a deep value buy or a turnaround trap?
At a time when tariffs are changing the global supply chain, domestic automotive demand is slowing, geopolitical tensions are increasing commodity pricing, and the automobile sector is seeing artificial intelligence (AI) and energy transitions, Tata Motors is making a bold move to acquire Italian commercial vehicle maker Iveco, its second biggest acquisition after Corus. All this comes after the Indian automotive giant turned its losses into profits and net debt into net cash. FY25 saw Tata Motors' first-mover advantage in electric sports utility vehicles (SUVs) erode as competition intensified and demand slowed in the EV space, following the expiry of the FAME II incentive for fleet EVs. Its stock price started falling from August 2024 onwards. Other auto stocks, which dipped in the second half of 2024 due to weak festive sales, recovered in 2025, but Tata Motors' shares continue to trade 43 per cent below their all-time high of 1,142 at Rs 655, the level last seen in November 2023. Jefferies expects the stock to fall to Rs 550 amid short-term challenges. Behind the underperformance is Tata Motors' announcement to demerge the passenger vehicle (PV) and commercial vehicle (CV) businesses, calling it the next logical chapter in its turnaround. The balance sheet of the companies was split effective July 1, while operations will be demerged from October 1, 2025. In the third quarter, the CV business will be split into a new listed company under the name Tata Motors Limited (TML), whereas the PV business will be renamed Tata Motors Passenger Vehicle Limited (TMPVL). This corporate restructuring has limited the upside of Tata Motors' shares. The stock price could experience short-term price fluctuations as the demerger is executed. Demerger: The next chapter in Tata Motors' turnaround Back in 2008, Tata Motors expanded its PV business in the international market with the acquisition of Jaguar Land Rover (JLR), when the latter was struggling to grow sales. While the JLR turnaround was no mean feat, it became the biggest revenue generator for Tata Motors, accounting for 73 per cent of its revenue in Q1 FY26. JLR provided Tata Motors with access to technology to improve the safety and design of domestic PVs. Tata Motors is now looking to replicate the PV turnaround story in the CV space with the acquisition of Iveco, which earned 74 per cent of its 2024 revenue from Europe. Tata Motors' CV strategy is to expand international business by targeting its diversified powertrain products in Europe, Latin America, the Middle East, and North Africa. Iveco's CY 2024 revenue stood at EUR 14.1 billion (Rs 1.44 lakh crore), double the size of Tata Motors' CV revenue of Rs 75,055 crore (FY25). Both companies have limited overlaps in the geographies they cater to. Tata Motors caters to SAARC countries (India, Bangladesh, Sri Lanka, and Nepal) while Iveco caters to Central and Eastern Europe and Latin America. If everything goes as planned, the acquisition could make Tata Motors the world's fourth-largest company by truck sales. The Rs 38,000 crore acquisition of Iveco could make the CV business bigger than the PV business. Execution is of utmost importance in an acquisition of this magnitude. Demerger of CV and PV businesses will simplify the business structure, give greater strategic clarity and agility, facilitating execution. However, investors are not excited about the acquisition as Tata Motors' share price continued to fall after the acquisition. Like Corus and JLR, Iveco will bring scale and diversification, but will moderate the profitability and return on capital employed (ROCE) of Tata Motors' CV business. A scaled business generates returns when there is high demand, and the European CV market is declining. As per data from the European Automobile Manufacturers' Association (ACEA), new European van and truck registrations decreased by 13.2 per cent and 15.4 per cent, respectively, in H1 2025, led by Germany, France, and Italy. Tata's classic move of acquiring business in a declining market reminds one of the Corus and JLR deals, where the timing of the acquisition (just before the 2008 financial crisis) made the deal a debt trap. Iveco will form a part of the demerged Tata Motors CV business, which will be net debt-free at the time of the demerger. The addition of Rs 38,000 crore acquisition debt will create a net debt position, which the company looks to pay with its free cash flow (FCF). The net-debt/EBITDA (earnings before interest, taxes, depreciation, and amortisation) for the demerged CV entity is expected to remain below 1.0. However, if the profitability of the CV business deteriorates, the combined business could require significant capital infusion. Tata Motors' passenger vehicle business Tata Motors' PV and JLR businesses are going through both opportunities and challenges. The company is losing domestic market share to competitors like MG Motor India in the EV space and Mahindra & Mahindra in the SUV space. The entry of Tesla into India could heat up the competition. Tata Motors is looking to beat the competition with its new launches across multiple powertrains — CNG, electric, and ICE (internal combustion engine). Meanwhile, troubles at JLR's three biggest markets led to a decline in revenue and profit before tax to 9.2 per cent and 49 per cent, respectively, in Q1FY26. In April 2025, JLR paused exports to its biggest market, the United States, in response to a 25 per cent tariff on imports from the UK and Europe. The company took a GBP 250 million hit from the US tariff. However, these costs will ease in the coming quarters as the US reduced the tariff to 10 per cent on UK imports and 15 per cent on EU imports from July 1. JLR's sales in its second biggest market — the UK — also plunged as it winds down legacy Jaguar models. Its fourth-largest market — China — is also seeing a slowdown from macro headwinds, contraction of bank credit, and an increase in retailer insolvency. Moreover, strong competition from domestic companies like BYD is affecting the sales of foreign car manufacturers like Tesla and Ford. All the above factors reduced JLR's Q1 FY26 Earnings before interest and tax (EBIT) margin to 4 per cent from 8.9 per cent in Q1 FY25. JLR has lowered its FY26 EBIT guidance to 5-7 per cent from the previous 10 per cent and free cash flow guidance to nil from the previous GBP 1.8 billion to reflect the above challenges. Tata Motors is optimistic about the second half and expects the transition to new-generation models like the Altroz facelift and Harrier EV, and refreshed Harrier and Safari ICE models to lift festive season sales. In the short term, other automakers that focused on the Indian markets reported better earnings growth. ● Maruti Suzuki India reported 8 per cent year-over-year revenue growth as sluggish domestic demand was offset by strong exports. ● Mahindra & Mahindra (M&M) reported a 31 per cent YoY growth in operating revenue as it gained market share in the PV segment. ● Hyundai Motor India saw a 5.6 per cent dip in revenue due to weak domestic demand. While the above three saw a slight dip in operating margin as commodity prices rose, Tata Motors reported a dip in operating margin due to US tariffs, geopolitical uncertainties, and the wind-down of legacy JLR models. The weaker earnings, lack of strategic clarity around potential returns after demerger, and higher exposure to the US and UK markets are pulling down the Tata Motors' share price in the short term. Among the large automakers, Tata Motors shares trade at the lowest price-to-earnings (P/E) ratio of 11x, which is even below its 10-year median of 14.2x. However, this comparison is not perfect: Maruti Suzuki and Hyundai Motor India are pure-play PV makers, whereas Tata Motors has a more diversified portfolio. Post-demerger, its PV business will be more directly comparable with these peers. Trading at such a low P/E multiple might appear to be a potential value opportunity to some. In the short term, however, moderation in profitability is expected as the company executes Turnaround 2.0. Strong and timely execution is key to the success of the demerger and unlocking of shareholder value. Tata Motors Chairman N Chandrasekaran said that the business is structured to thrive in disruptive economic cycles from geopolitical conflicts, military escalations, the redrawing of supply chains and tariff regimes, AI, and energy transition. How the next phase of the turnaround plays out will be crucial in determining whether this is indeed a value opportunity Note: We have relied on data from throughout this article. Only in cases where the data was not available have we used an alternate, but widely used and accepted source of information. Puja Tayal is a financial writer with over 17 years of experience in the field of fundamental research. Disclosure: The writer and his dependents do not hold the stocks discussed in this article. The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.
Hindustan Times
14 hours ago
- Hindustan Times
Mahindra to showcase four new SUV platforms tomorrow. Here's what to expect
Mahindra & Mahindra is gearing up for a high-stakes Independence Day reveal on August 15, 2025, when it will introduce four new Vision SUV concepts—Vision T, Vision S, Vision SXT and Vision X—under its awaited Freedom NU platform. This monocoque design, also referred to internally as the New Flexible Architecture (NFA), is designed to support petrol, diesel, hybrid, and electric powertrain models, marking a strategic drive towards multi-energy mobility. The platform will be produced at the Chakan facility, with planned annual capacity of up to 1.2 lakh units. Mahindra's teaser campaign, running under the hashtag Freedom_NU, has offered brief but telling glimpses of the four concepts. SUV concepts: A glimpse into the future Mahindra's teaser campaign, running under the hashtag Freedom_NU, has offered brief but telling glimpses of the four concepts. The Vision.T is defined by its angular bonnet, untamed wheel arches, bonnet latches, and upright stance—features that clearly inherit from the Thar's DNA and might indicate a more developed Thar.e inspired model. The Vision.S, with its upright linearity, bonnet scoops, and muscular build, looks set in the lineage of the Scorpio, suggesting a potential electric variant of the bestselling SUV. Also check these Cars Find more Cars UPCOMING Mahindra XUV500 2025 2179 cc 2179 cc Diesel Diesel ₹ 12 Lakhs Alert Me When Launched UPCOMING Mahindra e20 NXT 15 kWh 15 kWh 140 km 140 km ₹ 6 - 8 Lakhs Alert Me When Launched UPCOMING Mahindra Thar E 75 kWh 75 kWh 400 km 400 km ₹ 25 Lakhs Alert Me When Launched Mahindra XUV700 2184 cc 2184 cc Multiple Multiple ₹ 14.49 Lakhs Compare View Offers Mahindra Thar 2184 cc 2184 cc Multiple Multiple ₹ 11.50 Lakhs Compare View Offers Mahindra Thar ROXX 2184 cc 2184 cc Multiple Multiple ₹ 12.99 Lakhs Compare View Offers Also Read : Mahindra XEV 9e Pack Two vs Pack Three Select: Price, range, features and specs Meanwhile, the blends utility with off-road readiness, showing the design cues of a pickup-style SUV—perhaps a production-bound evolution of the Global Pik-Up concept. The Vision.X breaks from the rugged mould, adopting a sleeker, more compact, and urban-friendly design, suggesting it could be an electrified or hybrid member of the XUV family. Expected features Though still under wraps, these Vision concepts are expected to flaunt modern design trends—think connected dashboards, ADAS features, digital displays, and premium materials. If Vision X is indeed a compact family SUV or urban EV, it could rival the likes of Tata's Punch EV or Maruti's EV-based offerings, bringing Mahindra into new customer segments. The rugged Vision T and S will likely target segments where Ford Endevour and Toyota Fortuner compete, but with added electrification potential. The Freedom NU platform is further expected to elevate Mahindra's flexibility over competitors by accommodating multiple powertrains in a single architecture—something not readily seen in the ladder-frame SUVs that define its traditional rivals. Also Read : New Mahindra Bolero Neo spotted ahead of launch Expected specs Unlike a standard product launch, this reveal is centred around a platform-first strategy. The Freedom NU platform is being positioned as a highly adaptable base capable of supporting multiple fuel types, including the possibility of plug-in hybrid systems. Its engineering facilitates a shared architecture to support both ICE and EV variants, as shown by the combination of badges in teaser images. This strategy provides Mahindra with cost savings and shorter development cycles, while presenting a consistent brand experience across its SUV portfolio. In addition to the four concept SUVs, Mahindra will also bring the facelifted Bolero Neo, and that could be one of the first production cars to be based on the platform's underpinnings. What it all means Mahindra's August 15 launch is expected to mark the brand's shift to future-proof SUVs that go beyond fuel types. For current customers, that translates to potential added choice and technology-laden options in the near term. For Mahindra, it's a transition to maintain rough-around-the-edges DNA while welcoming electrification and refinement. The monocoque architecture may further help improve drive comfort —areas where rivals often edge ahead. Check out Upcoming Cars in India 2025, Best SUVs in India. First Published Date:
Time of India
15 hours ago
- Time of India
Tata Motors launches Onam campaign with offers for Kerala customers
Tata Motors on Wednesday said it has launched its Onam campaign for Kerala, offering benefits of up to ₹2 lakh on selected passenger and electric vehicles. The offers are valid from 25 July to 30 September 2025 and include priority deliveries for festival bookings. The company has also introduced financing options in partnership with lenders. These include balloon payment schemes with low initial EMIs, step-up plans with progressive EMIs, and a low EMI plan of ₹100 per lakh for the first three months. Electric vehicle customers can access six-month financing for accessories, extended warranties, annual maintenance contracts, and service repairs. Model-wise offers Under the festive programme, benefits include: ICE models: Tiago (₹60,000), Tigor (₹60,000), Altroz (₹1,00,000), Punch (₹65,000), Nexon (₹60,000), Curvv (₹40,000), Harrier (₹75,000), and Safari (₹75,000)EV models: (₹1,00,000), (₹85,000), (₹1,00,000), (₹2,00,000) Existing owners are eligible for a direct benefit of ₹1 lakh on the and ₹50,000 on the Service network expansion in Kerala Tata Motors has expanded its service network in Kerala, with 1,200 passenger vehicle bays across 83 workshops in 62 cities. Facilities include a dedicated EV battery repair centre in Kochi, real-time technical support from its Central Diagnostics Command Centre, and roadside assistance with response times of 60 minutes in cities and 90 minutes on highways.
