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. The average price for March is ₹ 1.67 crores. During April there was a slight reduction in the selling prices dropping till ₹ 1.42 crores. The following two months the selling price went through a strong reduction of -54 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -81 % compared to the 4 previous average values going down from ₹ 1.13 crores to ₹ 21.69 lakhs.
The average price for TATA Safari has had a strong rise in recent years. Between 2005 and 2017, the average price is ₹ 3.86 lakhs. There was a significant inflation of the average price in 2005 (₹ 1.12 lakhs) moving up till (₹ 7.16 lakhs)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 168 %. During the last two years, prices in the car industry have gone through a strong rise of 35 % 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 (₹ 15.89 lakhs) and the the last two years that have been analyzed (2021, 2022) with a price of ₹ 21.43 lakhs.
The graph that displays the price for TATA Safari 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 78 % more affordable than the average price (₹ 22.88 lakhs). Next with a price of ₹ 9 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 "10,000 - 25,000". It is 9% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₹ 17.24 lakhs.