Mahindra Thar 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 Mahindra Thar cars has had a strong depreciation during the last 6 months we have studied. In January the average price per vehicle is ₹ 6.18 crores. During February the price went trough a strong deflation till ₹ 3.75 crores. The following two months the selling price went through a strong reduction of -63 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -58 % compared to the 4 previous average values going down from ₹ 3.39 crores to ₹ 1.41 crores.
The average price for Mahindra Thar has had a strong rise in recent years. Between 2005 and 2017, the average price is ₹ 1.16 crores. There was a significant inflation of the average price in 2005 (₹ 7 lakhs) moving up till (₹ 1.18 crores)in 2017. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -23 % compared to the previous period. During the last two years, the car industry has had a strong deflation in its selling prices of -63 % 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 (₹ 55.09 lakhs) and the the last two years (2020, 2021) with a price of ₹ 20.57 lakhs.
The graph that displays the price for Mahindra Thar cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 85 % more affordable than the average price (₹ 1.27 crores). Next with a price of ₹ 81.84 lakhs and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 1,00,000". It is 32% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of ₹ 85.67 lakhs.