Premature exits when downloading toolchain components on Windows, error code 0xC0000005 `STATUS_ACCESS_VIOLATION`

Verification

• I searched for recent similar issues at https://github.com/rust-lang/rustup/issues?q=is%3Aissue+is%3Aopen%2Cclosed and found no duplicates.
• I am on the latest version of Rustup according to https://github.com/rust-lang/rustup/tags and am still able to reproduce my issue.

Problem

I'm currently not able to use either Cargo and Rustc for developing my project. I have Rustup 1.27.1 installed on my local machine. I tried to set environment variables and reinstalling it, and restarting the machine, but didn't find the solutions at all.

The error message was:

error: rustup could not choose a version of rustc to run, because one wasn't specified explicitly, and no default is configured.

Sharing a screenshot of my CLI as a proof. Please help me to resolve this issue ASAP.

Steps

1. Download a installation version (rustup-init.exe) from the official Rust website
2. Run the setup application
3. Verify the installation (rustc --version)

Possible Solution(s)

No response

Notes

No response

Rustup version

1.27.1

Installed toolchains

Default host: x86_64-pc-windows-msvc
rustup home:  C:\Users\AzureSphere\.rustup

OS version

Windows 11 24H2

Start by reproducing the report with rustup-init.exe on Windows 11 24H2, then verify the displayed error and the reported Rustup 1.27.1 state using rustc --version and Cargo. Done means the toolchain installation completes without the reported failure and both rustc and Cargo can be used.