TATA Safari 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 Safari cars has had a strong depreciation during the last 6 months we have studied. In September the price for a car is ₹ 4.25 crores increasing till ₹ 4.53 crores in October. The following two months the selling price went through a strong reduction of -15 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -29 % compared to the 4 previous average values going down from ₹ 4.06 crores to ₹ 2.87 crores.
The average price for TATA Safari has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2001 to 2014, the average price was ₹ 28.49 lakhs. Please take note of of the significant depreciation in the prices between 2001 (₹ 64.8 lakhs) and 2014 (₹ 6.64 lakhs). Cars belonging to the model aforementioned had a price deflation of -7 percent in the next two years (2015, 2016) compared to the previous two years. During the last two years, prices in the car industry have gone through a strong rise of 50 % 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 (₹ 52.95 lakhs) and the the last two years that have been analyzed (2017, 2018) with a price of ₹ 79.27 lakhs.
The graph that displays the price for TATA Safari 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 99 % more affordable than the average price (₹ 2.35 crores). Next with a price of ₹ 4.91 lakhs and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most affordable cars is "1,00,000 - 2,00,000". It is 62% less expensive than the average market value followed by those cars with a mileage of "50,000 - 1,00,000" priced at ₹ 80.67 lakhs.
The graph showing the average price for the fuel type for TATA Safari cars points out to "Petrol" as being the cheapest fuel type. It is 99 % less expensive than the average market price (₹ 2.35 crores) followed by "Diesel" priced at ₹ 41.13 lakhs. On average the cheapest type of fuel is "Diesel". It´s price is 83 % more affordable than the average market value followed by "Petrol" with a price of ₹ 3.22 lakhs.