Yes, its true. I have read a review on Flipkart regarding mobile phone Lava Iris 504q, A customer has written a review against them. The customer bought the mobile @ 13, 499 and on the next day the price was slashed to 12, 595.
That’s about 900 Rs loss for him. I read this review as I was planning to buy that phone. On next day I did not see that message and the price was reset to 13, 499.