TATA Nexon Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for TATA Nexon cars have increased during the last 6 months. During the first month analyzed in October the average price was ₹ 8.1 lakhs. November went through a strong inflation with a rise in the price till ₹ 9.6 lakhs. During the following two months (December, January) the average selling price rose somewhat going from ₹ 8.85 lakhs to ₹ 9.61 lakhs. In the last two, the price has gone through a -13 % devaluation compared to the previous average values going down from ₹ 9.23 lakhs to ₹ 8.03 lakhs during February and March.
The average price for TATA Nexon has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2017 to 2019, the average price was ₹ 4.85 lakhs. Please take note of of the significant depreciation in the prices between 2017 (₹ 6.04 lakhs) and 2019 (₹ 4.49 lakhs). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -93 % compared to the previous period. During the last two years, the car industry has had a strong deflation in its selling prices of -93 % 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 (₹ 16,544.25) and the the last two years (2022, 2023) with a price of ₹ 1,209.5.
The graph that displays the price for TATA Nexon cars according to their mileage shows that those cars within a mileage range of "50,000 - 1,00,000" are the ones with the lowest price. They are 100 % more affordable than the average price (₹ 6.08 lakhs). Next with a price of ₹ 1.03 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 1% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of ₹ 3.1 lakhs.
The graph showing the average price for the fuel type for TATA Nexon cars points out to "Petrol" as being the cheapest fuel type. It is 100 % less expensive than the average market price (₹ 6.08 lakhs) followed by "Electric" priced at ₹ 1,412. On average the cheapest type of fuel is "Diesel". It´s price is 93 % more affordable than the average market value followed by "Electric" with a price of ₹ 1,412.