Indian automotive giant Tata Motors (NS: TAMO ) (NYSE: TTM ), a prominent player in the automobile industry, is reportedly preparing to launch its flagship duo, the Harrier and Safari mid-size SUVs, alongside the Tata Punch EV. According to InvestingPro's real-time metrics, Tata Motors' revenue growth has been accelerating, and the company's net income is expected to grow this year, reflecting a strong financial performance. Dealerships have begun accepting unofficial bookings for the upcoming Harrier and Safari models, with prices set at INR 21,000 for the Harrier and INR 25,000 for the Safari. The company has yet to confirm these developments officially.
These models are expected to undergo significant changes in design and features, reflecting the radical design language from the Curvv concept seen in recently launched Nexon and Nexon.ev models. Exterior modifications include a redesigned fascia with vertically arranged LED headlights, new bumpers, and an updated alloy wheel design. The interior upgrades feature a soft-touch lower dash, a new steering wheel with an illuminated logo, a redesigned center console, a touch and toggle climate control panel, and a free-standing instrument screen.
The Harrier and Safari models are also set to introduce their electric vehicle (EV) counterparts - Harrier.ev and Safari.ev. While it remains uncertain whether these EV versions will launch concurrently with their internal combustion engine (ICE (NYSE: ICE )) counterparts or at a later date, differences in grill design and LED DRLs may distinguish between the two versions.
The ICE Harrier and Safari will feature a 2.0L Kryotec diesel engine with 170 PS and 350 Nm, mated to either a 6MT or a 6TC. There is also a likelihood of introducing a 1.5L turbo petrol variant.
Meanwhile, Tata Motors is also preparing to launch the Tata Punch EV. The upcoming model appears to have borrowed some accents from the recently launched Tata Nexon EV. The Punch EV will feature a new 10.1-inch infotainment system, an auto-dimming IRVM, new square wheel arches, roof rails, 90* opening doors, and new rear disk brakes. It is expected to offer two battery options with a maximum range of over 300 km and is likely to be priced between INR 7.99-10.59 lakhs.
These new entrants from Tata Motors will compete in the Indian market against models like the Citroen eC3, Hyundai (OTC: HYMTF ) Exter, and the Casper EV. The launch of these new models is expected by the end of this year.
InvestingPro Tips suggest that Tata Motors' stock generally trades with low price volatility, but it's worth noting that the stock price movements can be quite volatile. The company has been profitable over the last twelve months, and analysts predict the company will continue to be profitable this year. The stock has seen a large price uptick over the last six months and is trading near its 52-week high. For more insights and tips, visit InvestingPro. This platform offers a total of 11 additional tips which can help in making informed investment decisions.
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