TATA Indica V2 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 TATA Indica V2 cars has had a strong depreciation during the last 6 months we have studied. The average price in January was of ₹ 2.3 lakhs. This price hardly went through any changes and remained at ₹ 2.41 lakhs during February. The average selling price has remained fairly constant during the following two months, going from ₹ 2.35 lakhs to ₹ 2.41 lakhs. In the last two months, the price has gone through a strong devaluation of -53 % compared to the 4 previous average values going down from ₹ 2.38 lakhs to ₹ 1.12 lakhs.
The average price for TATA Indica V2 has had a strong rise in recent years. Between 2004 and 2012, the average price is ₹ 99,366.89. There was a significant inflation of the average price in 2004 (₹ 72,333) moving up till (₹ 1.47 lakhs)in 2012. During the next two years (2013, 2015) the price for the aforementioned model has gone up strongly a 39 %. During the last two years, prices in the car industry have gone through a strong rise of 16 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample (₹ 1.64 lakhs) and the the last two years that have been analyzed (2016, 2017) with a price of ₹ 1.91 lakhs.
The graph that displays the price for TATA Indica V2 cars according to their mileage shows that those cars within a mileage range of "more than 2,00,000" are the ones with the lowest price. They are 14 % more affordable than the average price (₹ 1.16 lakhs). Next with a price of ₹ 1 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 "less than 10,000". It is 12% more costly than the average market value followed by those vehicles with a mileage of "1,00,000 - 2,00,000" and a price of ₹ 1.3 lakhs.
The graph showing the average price for the fuel type for TATA Indica V2 cars points out to "Petrol" as being the cheapest fuel type. It is 14 % less expensive than the average market price (₹ 1.16 lakhs) followed by "Diesel" priced at ₹ 1.18 lakhs. On average the most expensive type of fuel is "Diesel". It´s price is 2 % higher than the average market price followed by "Petrol" which costs ₹ 99,999.
The graph displaying the average price for vehicles with doors shows that TATA Indica V2 automobiles with the cheapest price have 4 doors. They are 30 % cheaper than the average price for this model priced at ₹ 81,545. Cars with the lowest price have 5 doors and are 27 % cheaper than the average previously displayed.