Car prices may be 'fairly stable' in short term; demand to rise, says Volkswagen India
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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.