New Delhi: C K Birla Group company Hindustan Motors today said it would review the prices of its products in the next two months.
“We have already passed on some cost to consumers and next 6-8 weeks are critical (in terms of price hike),” Hindustan Motors Managing Director R Santhanam told reporters on the sidelines of SIAM convention here.
Input costs, including steel and rubber prices, have moved up significantly which is compelling auto manufacturers to pass on the burden to consumers, he said.
On the vehicle demand, Santhanam said sales seems to be slowing down from the second quarter of this fiscal as consumer sentiments are down.
Speaking about his flagship brand - Ambassador, he said sales of the vehicle to the government are on the rise.
Recently, series of interest rate hike coupled with lack of consumer finance have resulted in an overall slowdown in the automobile sector.