Mahindra XUV 500 Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Mahindra XUV 500 cars have increased during the last 6 months. In October the price for a car is ₹ 12.45 lakhs increasing till ₹ 14.29 lakhs in November. The average selling price has remained fairly constant during the following two months, going from ₹ 13.37 lakhs to ₹ 13.34 lakhs. During the last couple of months, the average price has hardly changed, remaining the same going from ₹ 13.35 lakhs to ₹ 14.02 lakhs during February and March.
The average price for Mahindra XUV 500 has remained constant in recent years. Between 2011 and 2017, the average price is ₹ 7 lakhs. There was a significant inflation of the average price in 2011 (₹ 6.36 lakhs) moving up till (₹ 10.17 lakhs)in 2017. Cars belonging to the model aforementioned had a price deflation of -11 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 -41 % 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 (₹ 4.45 lakhs) and the the last two years (2020, 2021) with a price of ₹ 2.64 lakhs.
The graph that displays the price for Mahindra XUV 500 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 76 % more affordable than the average price (₹ 13.63 lakhs). Next with a price of ₹ 7.48 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 "10,000 - 25,000". It is 7% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₹ 10.58 lakhs.