Maruti Vehicles have experienced a considerable decrease in their selling price recently. This model has gone through a strong reduction in its selling price.
The selling price for Maruti cars has had a strong depreciation during the last 6 months we have studied. In February the average price per vehicle is ₹ 17.79 lakhs. During March the price went trough a strong deflation till ₹ 12.15 lakhs. The following two months the selling price went through a strong reduction of -26 % compared to the previous two months studied. In the last two, the price has gone through a -6 % devaluation compared to the previous average values going down from ₹ 13 lakhs to ₹ 12.24 lakhs during June and July.
The average price for Maruti has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₹ 3.5 lakhs. There was a significant inflation of the average price in "before 2000" (₹ 1.71 lakhs) moving up till (₹ 7.93 lakhs)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 172 %. During the last two years, prices in the car industry have experienced a depreciation of -8 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₹ 8.84 lakhs) and the the last two years analyzed (2018, 2019) with a price of ₹ 8.15 lakhs.
The graph that displays the price for Maruti cars according to their mileage shows that those cars within a mileage range of "more than 2,00,000" are the ones with the lowest price. They are 78 % more affordable than the average price (₹ 12.65 lakhs). Next with a price of ₹ 5.89 lakhs and a mileage range of "1,00,000 - 2,00,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 16% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₹ 9.1 lakhs.
The graph showing the average price for the fuel type for Maruti cars points out to "LPG" as being the cheapest fuel type. It is 80 % less expensive than the average market price (₹ 12.65 lakhs) followed by "Hybrid" priced at ₹ 5.43 lakhs. On average the cheapest type of fuel is "Diesel". It´s price is 15 % more affordable than the average market value followed by "Petrol" with a price of ₹ 9.21 lakhs.