Mahindra Bolero Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Mahindra Bolero cars has fallen during the last 6 months we have analyzed. The average price for September is ₹ 10.44 lakhs. During October there was a slight reduction in the selling prices dropping till ₹ 9.65 lakhs. The following two months (November, December) the selling price went through a devaluation of -10 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from ₹ 9.54 lakhs to ₹ 9.23 lakhs during January and February.
The average price for Mahindra Bolero has had a strong rise in recent years. Between 2004 and 2018, the average price is ₹ 4.54 lakhs. There was a significant inflation of the average price in 2004 (₹ 3 lakhs) moving up till (₹ 7.23 lakhs)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 81 %. During the last two years, prices in the car industry have gone up 11 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (₹ 9.2 lakhs) and the the last two years that were studied (2021, 2022) with a price of ₹ 10.21 lakhs.
The graph that displays the price for Mahindra Bolero cars according to their mileage shows that those cars within a mileage range of "1,00,000 - 2,00,000" are the ones with the lowest price. They are 48 % more affordable than the average price (₹ 9.35 lakhs). Next with a price of ₹ 6.1 lakhs and a mileage range of "more than 2,00,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 7% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₹ 7.85 lakhs.