Mahindra Verito 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 Verito cars has had a strong depreciation during the last 6 months we have studied. The average price in March was of ₹ 2.95 crores. This price hardly went through any changes and remained at ₹ 2.96 crores during April. The following two months the selling price went through a strong reduction of -93 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -61 % compared to the 4 previous average values going down from ₹ 1.58 crores to ₹ 61.27 lakhs.
The average price for Mahindra Verito has had a strong rise in recent years. Between 2008 and 2013, the average price is ₹ 17.48 lakhs. There was a significant inflation of the average price in 2008 (₹ 1.36 lakhs) moving up till (₹ 64.72 lakhs)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 165 %. During the last two years, prices in the car industry have gone up 14 % 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 (₹ 53.55 lakhs) and the the last two years that were studied (2016, 2017) with a price of ₹ 60.85 lakhs.
The graph that displays the price for Mahindra Verito 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 97 % more affordable than the average price (₹ 83.05 lakhs). Next with a price of ₹ 21.08 lakhs and a mileage range of "50,000 - 1,00,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 2% less expensive than the average market value followed by those cars with a mileage of "more than 2,00,000" priced at ₹ 41.43 lakhs.
The graph showing the average price for the fuel type for Mahindra Verito cars points out to "Diesel" as being the cheapest fuel type. It is 39 % less expensive than the average market price (₹ 83.05 lakhs) followed by "Petrol" priced at ₹ 1.57 crores. On average the most expensive type of fuel is "Petrol". It´s price is 89 % higher than the average market price followed by "Diesel" which costs ₹ 50.79 lakhs.