Mahindra Thar 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 Thar cars has fallen during the last 6 months we have analyzed. The average price in October was of ₹ 5.29 crores. This price hardly went through any changes and remained at ₹ 5.47 crores during November. During the following two months (December, January) the average selling price experienced a noticeable rise, going up 23 % from ₹ 5.38 crores to ₹ 6.61 crores. In the last two months, the price has gone through a strong devaluation of -51 % compared to the 4 previous average values going down from ₹ 6 crores to ₹ 2.97 crores.
The average price for Mahindra Thar has had a strong rise in recent years. Between "before 2000" and 2016, the average price is ₹ 44.4 lakhs. There was a significant inflation of the average price in "before 2000" (₹ 2.19 lakhs) moving up till (₹ 8.21 lakhs)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 128 %. During the last two years, prices in the car industry have gone up 13 % 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 (₹ 1.16 crores) and the the last two years that were studied (2019, 2020) with a price of ₹ 1.31 crores.
The graph that displays the price for Mahindra Thar 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 98 % more affordable than the average price (₹ 2.18 crores). Next with a price of ₹ 11.83 lakhs and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most affordable cars is "50,000 - 1,00,000". It is 69% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₹ 35.36 lakhs.