Maruti Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Maruti cars have gone through a strong rise during the last 6 months. During the first month analyzed in August the average price was ₹ 14.51 lakhs. September went through a strong inflation with a rise in the price till ₹ 16.71 lakhs. During the following two months (October, November) the average selling price experienced a noticeable rise, going up 40 % from ₹ 15.61 lakhs to ₹ 21.91 lakhs. The average price has had spectacular rise of 54 % with an average price of ₹ 18.76 lakhs during the previous 4 months and ₹ 28.96 lakhs during the most recent months in December and January.
The average price for Maruti has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₹ 3.49 lakhs. There was a significant inflation of the average price in "before 2000" (₹ 1.48 lakhs) moving up till (₹ 8.08 lakhs)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 176 %. During the last two years, the car industry has had a strong deflation in its selling prices of -21 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₹ 7.95 lakhs) and the the last two years (2018, 2019) with a price of ₹ 6.24 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 91 % more affordable than the average price (₹ 33.59 lakhs). Next with a price of ₹ 6.03 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 "25,000 - 50,000". It is 22% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₹ 13.13 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 92 % less expensive than the average market price (₹ 33.59 lakhs) followed by "Hybrid" priced at ₹ 5.38 lakhs. On average the cheapest type of fuel is "Petrol". It´s price is 19 % more affordable than the average market value followed by "Diesel" with a price of ₹ 11.68 lakhs.