Latest news with #Euro5+
Hindustan Times
3 days ago
- Automotive
- Hindustan Times
Ducati Scrambler 1100 discontinued globally, goes off sale in India
The Ducati Scrambler 1100 has been discontinued globally and given the model is a full import, it won't be returning to India Check Offers Ducati has pulled the plug on the Scrambler 1100 in global markets, which also marks its demise in India. Ducati India has confirmed the development and has also delisted the motorcycle from its website. The Ducati Scrambler 1100 was not upgraded to meet the upcoming Euro5+ emission norms for Europe, which means it would also not comply with the BS6.2 norms for India. The Scrambler 1100 was fully imported into India and has been discontinued after an eight-year run. Ducati Scrambler 1100 Discontinued The Ducati Scrambler 1100 was first introduced in 2018 and drew power from the 1,079 cc L-Twin engine tuned for 85 bhp at 7,500 rpm and 88 Nm of peak torque at 4,750 rpm. The motor is paired with a 6-speed gearbox and a slipper clutch. This engine has been around since 2009 and previously powered the Hypermotard and Monster 1100. Also Read : Ducati Desmo450 MX enters production. Check details The Ducati Scrambler 1100 was powered by the 1,079 cc L-Twin engine first introduced in 2009, and was later upgraded in 2018 x`xIt received a comprehensive update for the Scrambler 1100 with additions such as an oil-cooling system, ride-by-wire, and more safety aids. The updated engine was introduced on the Scrambler 1100 in 2018 and has been on sale since. Ducati Scrambler 800 will remain on sale While the Scrambler 1100 has been taken off the shelves, Ducati will continue selling the 803 cc version, which is also the more popular option. The second-generation Ducati Scrambler is currently on sale with the motor churning out 72 bhp at 8,250 rpm and 65 Nm of peak torque at 7.000 rpm. The motor is paired with a 6-speed gearbox. The Ducati Scrambler 800 is priced from ₹ 9.97 lakh, going up to ₹ 12.60 lakh (ex-showroom). The bike is available in four variants - Icon Dark, Icon, Full Throttle, and Nightshift - bringing different paint options, among other changes to the bike. The Ducati Scrambler range has always been a niche offering, and the Scrambler 1100 didn't offer the most power for the price. The last models were priced between ₹ 13.40 lakh and ₹ 16 lakh (ex-showroom). It'll be interesting to see if a more powerful Scrambler is in the works with a more modern engine. Check out Upcoming Bikes In India. First Published Date: 10 Jun 2025, 17:55 PM IST
Yahoo
05-03-2025
- Automotive
- Yahoo
Piaggio & C. SpA (PGGCY) Q4 2024 Earnings Call Highlights: Record EBITDA Margin and ...
Release Date: March 04, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Piaggio & C. SpA (PGGCY) achieved its best-ever EBITDA margin percentage on net revenues in 2024. The company reported an increase in gross margin percentage to 29.2%. Piaggio & C. SpA (PGGCY) has successfully managed its productivity and cash flow generation. The company is launching its first-ever electric vehicle in April, indicating a move towards electrification. Piaggio & C. SpA (PGGCY) has a stable debt profile with a maturity of roughly four years, ensuring financial security. The company experienced a decline in revenue due to a destocking strategy, resulting in a EUR110 million impact. Debt levels have risen as a consequence of the destocking process. The Asian market, particularly China, remains challenging with flat or negative growth. High interest rates in the United States have negatively impacted the market. The European market is stagnant, affected by changes in Euro 5+ legislation and high interest rates. Warning! GuruFocus has detected 7 Warning Signs with PGGCY. Q: Can you elaborate on the destocking process and its impact on revenues in Western countries? How much of the lost revenue do you expect to recover in 2025? A: Michele Colaninno, CEO: The destocking process is largely complete, with 95% done in 2024. The remaining 5% is part of normal management. Revenue recovery in 2025 will depend on market growth. We expect some market share increase, but the destocking was necessary to maintain dealer profitability. Q: What are your expectations for CapEx and free cash flow generation in 2025? A: Michele Colaninno, CEO: CapEx will slightly decrease as we finish investments in Mandello Lario and electromobility in Italy. We are investing in technology and software to stay competitive. Free cash flow generation will be managed carefully, focusing on strategic investments. Q: Are you planning to manufacture scooters in India for export to Europe? A: Michele Colaninno, CEO: We will localize production in India for the local market and some export markets, but not for Europe or the United States. Europe and the U.S. will continue to be supplied by our facilities in Italy. Q: What feedback are you receiving from European dealers about Euro 5+ products and market conditions? A: Michele Colaninno, CEO: Dealers are satisfied with the Euro 5+ product range. The destocking process was necessary due to legislative changes and economic factors like inflation and interest rates. We expect stability in the European market, which is rich and offers good margins. Q: What are your expectations for gross margin and inventory levels in 2025? A: Michele Colaninno, CEO: We aim to maintain the 29.2% gross margin achieved in 2024. We are working to reduce inventory levels, which were affected by logistics delays. We have taken measures to manage raw material prices and currency exchange rates to support margins. Q: How is the premium segment performing in Southeast Asia, and what are your expectations? A: Michele Colaninno, CEO: The premium segment in Southeast Asia is stabilizing. We see potential for improvement in Indonesia, while China remains challenging. We are focusing on enhancing our brand visibility and value in the region, particularly with the Vespa brand. Q: What improvements do you expect in 2025 compared to 2024? A: Michele Colaninno, CEO: We are focusing on increasing the top line. Achieving further EBITDA margin improvements will be challenging given the current economic situation, but we are working towards revenue growth. Q: How is competition affecting your market position, particularly in Europe and Asia Pacific? A: Michele Colaninno, CEO: In Asia Pacific, we face low competition in the premium segment. In Europe, competition has been affected by some competitors' pricing strategies. We maintain our brand value and avoid low-price competition, focusing on our premium positioning. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
