Mahindra Bolero 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 Mahindra Bolero cars have gone through a strong rise during the last 6 months. During the first month analyzed in March the average price was ₹ 5.25 lakhs. April went through a strong inflation with a rise in the price till ₹ 6.06 lakhs. During the following two months (May, June) the average selling price experienced a noticeable rise, going up 19 % from ₹ 5.65 lakhs to ₹ 6.7 lakhs. During the last couple of months, the average price has hardly changed, remaining the same going from ₹ 6.18 lakhs to ₹ 5.94 lakhs during July and August.
The average price for Mahindra Bolero has become more expensive in recent years. Between 2010 and 2020, the average price is ₹ 3.92 lakhs. There was a significant inflation of the average price in 2010 (₹ 2.56 lakhs) moving up till (₹ 3.16 lakhs)in 2020. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -100 % compared to the previous period. During the last two years, prices in the car industry have gone up 7 % 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 (₹ 969.5) and the the last two years that were studied (2023, 2024) with a price of ₹ 1,038.5.
The graph that displays the price for Mahindra Bolero cars according to their mileage shows that those cars within a mileage range of "10,000 - 25,000" are the ones with the lowest price. They are 58 % more affordable than the average price (₹ 5.64 lakhs). Next with a price of ₹ 2.7 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 16% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₹ 4.34 lakhs.