: Sunday, June 6, 2021, 4:25 PM IST
Car prices may be 'fairly stable' in short term; demand to rise from this month: Volkswagen India official
Car prices may be 'fairly stable' in short term; demand to rise from this month: Volkswagen India official
Prices of cars are likely to remain "fairly stable" in the short term as the second COVID-19 wave has more or less balanced the demand-supply situation in the past two months, according to a senior official at Volkswagen Passenger Cars India.
Automobile makers witnessed plunging sales in May, reversing the recovery trajectory in the first three months of 2021 that was fuelled by pent-up demand. Various states and authorities resorted to restrictions and lockdowns in April and May to curb rising infections during the second COVID-19 wave.