2024 Mahindra Thar Roxx Expected Vs Actual — Price Reaction | V3Cars

In this article, we’ll take a look at the launch prices of the new 2024 Mahindra Thar Roxx (Thar 5-door) and compare them with our expected prices to see how close (or off) we were from our estimates. This will help us better understand Mahindra’s pricing strategy and that of other upcoming cars with similar body style in this price range.

2024 Mahindra Thar 5-door Price Reaction

Mahindra Thar Roxx 2024: Expected vs Launch Price Comparison

The following table presents the comparison between our expected prices and the launch prices of the Thar Roxx 2024 along with the deviation in each case:

MAHINDRA THAR ROXX 2024

EXPECTED VS LAUNCH PRICE COMPARISON

Petrol-Manual

Variants

Exp. Price

Difference

Launch Price

Deviation

Result*

MX1 (Base)

Rs. 13,00,000

Rs. 1,000

Rs. 12,99,000

0.08%

✔✔✔

MX3 (Mid)

Rs. 14,00,000

-

-

-

-

MX5 (High)

Rs. 15,00,000

Rs. 1,49,000

Rs. 16,49,000

9%

Petrol-Automatic

Variants

Exp. Price

Difference

Launch Price

Deviation

Result*

MX3 (Mid)

Rs. 15,50,000

Rs. 51,000

Rs. 14,99,000

3.4%

MX5 (High)

Rs. 16,50,000

Rs. 1,49,000

Rs. 17,99,000

8.28%

MX5 4WD (High)

Rs. 19,00,000

-

-

-

-

Diesel-Manual

Variants

Exp. Price

Difference

Launch Price

Deviation

Result*

MX1 (Base)

Rs. 13,60,000

Rs. 39,000

Rs. 13,99,000

2.79%

MX3 (Mid)

Rs. 14,60,000

Rs. 1,39,000

Rs. 15,99,000

8.69%

MX5 (High)

Rs. 15,60,000

Rs. 1,39,000

Rs. 16,99,000

8.18%

AX3 L

-

-

Rs. 16,99,000

-

-

AX7 L

-

-

Rs. 18,99,000

-

-

MX3 4WD (Mid)

Rs. 17,10,000

-

-

-

-

MX5 4WD (High)

Rs. 18,10,000

Rs. 1,89,000

Rs. 19,99,000*

9.45%

MX5 4WD MLD (High)

Rs. 18,30,000

-

-

-

-

AX7 4WD

-

-

Rs. 21,99,000*

-

-

Diesel-Automatic

Variants

Exp. Price

Difference

Launch Price

Deviation

Result*

MX3 (Mid)

Rs. 16,10,000

Rs. 1,39,000

Rs. 17,49,000

7.95%

MX5 (High)

Rs. 17,10,000

Rs. 1,39,000

Rs. 18,49,000

7.52%

AX5 L

-

-

Rs. 18,99,000

-

-

AX7 L

-

-

Rs. 20,49,000

-

-

MX3 4WD (Mid)

Rs. 18,60,000

-

-

-

-

MX5 4WD (High)

Rs. 19,60,000

-

-

-

-

MX5 4WD MLD (High)

Rs. 19,80,000

-

-

-

-

AX5 L 4WD

-

-

Rs. 21,99,000*

-

-

AX7 L 4WD

-

-

Rs. 23,49,000*

-

-

*We consider <5% as a passing grade and <1% deviation as achieving a distinction. More than 5% deviation is a failure in our books.

Also Read: 2024 Maruti Suzuki Swift Price Reaction — Expected Vs Launch Price

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Price Reaction — Base Price Spot On

Now, let’s examine the launch and expected prices of the Thar Roxx in a little more detail.

Since we didn’t know the variant lineup, variant-powertrain combinations and variant-wise features, it was nearly impossible to estimate the prices of all variants. But we have known Mahindra long enough to have a pretty good idea that they would offer it at an attractive starting price. That’s why the Rs. 12.99 lakh ex-showroom (or Rs. 13.0 lakh) was our estimation for the Thar Roxx base model price.

While several online blogs and websites quoting well over Rs. 15.0 lakh as the starting price, our logic-based calculations turned out to be pretty accurate. To find out how we arrived at the Rs. 13.0 lakh starting price, you can visit the following link:

2024 Mahindra Thar Roxx (Thar 5-Door) Expected Price — With Logic

The lack of a variant-wise feature breakdown left us without knowledge about the features of the top model. Although, after seeing the features of the top variant, it’s abundantly clear that it wasn’t very difficult to estimate the prices of the Thar Roxx higher variants if we had the brochure.

Lots Of 2WD Variants — As Expected

Another estimation that came true was that the Thar Roxx would come with a lot of 2WD variants to tap into the C-segment SUVs marketshare. Higher variants of the Creta, Seltos, Grand Vitara and Tata Curvv are the prime targets of the Thar Roxx.

Mahindra have purposely not announced the 4WD variants’ pricing so that they can first cater to the 2WD C-SUV buyers before reaching for the buyers interested in 4WD. While they are busy accumulating bookings for the Thar Roxx, they can also gauge the demand for the 4WD. This will not only help them achieve a suitable pricing, but also decide the pace of production for the Roxx 4WD.

Diesel Engine Premium — A Surprise Move

Another area where our estimation went a little sideways is with the premium for diesel engine variants. While we expected Mahidnra to price the diesel engine at a lower premium of Rs. 60,000, they ended up positioning it at a Rs. 1.0 lakh price gap over the comparable petrol engine variants.

Here’s a quick look at the launch prices of the 2024 Mahindra Roxx:

2024 MAHINDRA THAR ROXX PRICES

EX-SHOWROOM | AUGUST 2024

Variant

Petrol-Manual

Difference

Petrol-Auto

MX1

Rs. 12,99,000

-

-

MX3

-

 

Rs. 14,99,000

MX5

Rs. 16,49,000

Rs. 1,50,000

Rs. 17,99,000

Variant

Diesel-Manual

Difference

Diesel-Auto

MX1

Rs. 13,99,000

-

-

MX3

Rs. 15,99,000

Rs. 1,50,000

Rs. 17,49,000

MX5

Rs. 16,99,000

Rs. 1,50,000

Rs. 18,49,000

AX3 L

Rs. 16,99,000

-

-

AX5 L

-

-

Rs. 18,99,000

AX7 L

Rs. 18,99,000

Rs. 1,50,000

Rs. 20,49,000

Mahindra will later bring the four diesel-4WD variants of the Roxx — 2 with manual and 2 with automatic transmission. The Roxx 4WD diesel-manual will come in MX5 and AX7 L while the 4WD diesel-automatic will arrive in AX5 L and AX7 L variants. We expect the 4WD to carry a premium of about Rs. 1.50 - 2.0 lakh over the comparable 2WD variants.

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ABOUT THE AUTHOR

Mahesh Yadav

Mahesh is a fan of compact, quirky and underrated vehicles that punch above their weight. Multix, Nano and Navi are his favorites.

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