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. In October the price for a car is ₹ 5.6 lakhs increasing till ₹ 5.91 lakhs in November. The following two months the selling price went through a strong reduction of -17 % compared to the previous two months studied. In the last two, the price has gone through a -7 % devaluation compared to the previous average values going down from ₹ 5.28 lakhs to ₹ 4.88 lakhs during February and March.
The average price for Mahindra Bolero has had a strong rise in recent years. Between 2010 and 2017, the average price is ₹ 4.78 lakhs. There was a significant inflation of the average price in 2010 (₹ 2.45 lakhs) moving up till (₹ 7.29 lakhs)in 2017. Cars belonging to the model aforementioned had a price deflation of -14 percent in the next two years (2018, 2019) compared to the previous two years. During the last two years, the car industry has had a strong deflation in its selling prices of -56 % 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 (₹ 2.63 lakhs) and the the last two years (2022, 2023) with a price of ₹ 1.17 lakhs.
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 28 % more affordable than the average price (₹ 5.25 lakhs). Next with a price of ₹ 4.06 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 1% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₹ 4.69 lakhs.