Italian motorcycle brand Ducati has announced that it will be raising the prices of some of its models from January 2022. The company cites increased operational costs, driven by inflation and commodity prices, as the reason for the price hike. While the brand has not yet disclosed which models will be affected, it is expected that popular models will see a marginal increase while slower-selling ones may keep their current prices. The price increase is set to take effect on January 1st next year.
Ducati India Announces Price Hike from January 2022
Italian motorcycle giant Ducati has announced a price increase for some of its models in India, effective from January 1st, 2022. The company attributed the decision to rising operational costs, driven by inflation and commodity prices.
Background
Ducati has been operating in India since 2014 and has amassed a significant customer base with its premium motorcycles. The company's extensive lineup in India includes popular models such as the Monster, Scrambler, Panigale, and Multistrada.
Impact of Price Hike
The price increase is expected to vary across different Ducati models. While popular models might witness a marginal increase, slower-selling ones could retain their existing prices. Specific details on the affected models and their revised prices are yet to be revealed by the company.
Factors Driving the Decision
Ducati has cited rising operational costs as the primary factor behind the price increase. The company has faced increased expenses in areas such as materials, transportation, and labor due to ongoing inflationary pressures and supply chain disruptions.
Top 5 FAQs Related to Ducati Price Hike
1. Which Ducati models will be affected by the price hike?
Ducati has not yet disclosed the specific models that will see a price increase. However, popular models are likely to be impacted.
2. What is the estimated price increase for affected models?
The company has not provided specific information on the quantum of the price hike. It is anticipated that the increase will be marginal for popular models.
3. When will the price hike take effect?
The price increase will come into effect on January 1st, 2022.
4. Are there any models that will not be affected by the price hike?
Ducati has not confirmed which models will be exempted from the price increase. Slower-selling models may retain their current prices.
5. What are the reasons behind Ducati's decision to raise prices?
The company cites rising operational costs, driven by inflation and commodity prices, as the driving factor behind the price adjustment.
The Delhi High Court has ordered Patanjali Ayurved to remove advertisements that were deemed disparaging towards Dabur's Chyawanprash products. The court's interim order came after Dabur filed a suit against Patanjali, arguing that the latter's advertisement featuring Baba Ramdev questioned the authenticity of Chyawanprash produced by other brands. Dabur claimed that the advertisement not only misleads consumers but also infringes on regulatory standards for Chyawanprash, which is classified as a classical Ayurvedic medicine.
The Chattanooga Airport welcomed Spirit Airlines with open arms as the bright yellow plane landed on Wednesday, bringing in new direct flights to major cities and bolstering business connectivity in the city. The new service will make it easier for travelers to reach Latin America and the Caribbean, while also showcasing the airport's recent improvements and future plans for expansion. With Chattanooga being only the third destination in Tennessee for Spirit, the airline's investment reflects confidence in the city's thriving economy and potential for growth.
Haraa Gold & Diamonds, a new premium jewellery showroom in Jubilee Hills, Hyderabad, was inaugurated by popular actress Sri Gouri Priya. The brand, known for its exquisite craftsmanship and timeless elegance, was introduced to the public by founder Shanila Reddy. The showroom is offering exciting grand opening deals, which include discounts on gold and diamonds, making it the go-to destination for luxury jewellery shopping in the city.
Arfa Javaid, a young and talented content writer from Delhi, has made a name for herself in the writing and editing industry. With her skills and expertise, she has become a published writer on various platforms such as YourQuote, Nojoto, UC News, NewsDog, and jagranjosh.com. Through her hard work and dedication, she has established herself as a top content writer and has become an inspiration for others in the field. Her success story serves as a testament to the growth and opportunities in the writing industry, making her a role model for aspiring writers.
Anant Ambani, the youngest son of India's richest man Mukesh Ambani, will be receiving a significant salary of up to ₹20 crore per year, according to a shareholder notice filed by Reliance Industries. This is in addition to perquisites and allowances, as well as a share of the company's net profits, which will be determined by a committee. Anant, who has a Bachelor's degree from Brown University, is leading the expansion of the company's energy and materials businesses and driving its goal to become a Net Carbon Zero company by 2035.
Hundreds of bike taxi riders in Karnataka have taken to the streets to protest the state government's ban on bike taxi services. The riders are facing financial struggles as they have been stripped of their source of livelihood. Despite submitting letters and staging protests, the government has not yet indicated any policy reversal. However, the Transport Minister has directed strict actions against ride-hailing apps and auto-rickshaw drivers for charging exorbitant rates.
The decision by India to ban the import of certain jute products and woven fabrics via land route has left Bangladeshi exporters reeling, as they say they are the "victims of politics". With the ban, exporting these products to India through sea route would result in a significant increase in cost, in addition to losing their upper hand in the jute export sector. This is the third such ban imposed by India on imports from Bangladesh in three months, causing further uncertainty and inconvenience for exporters.
Oracle's CTO, Larry Ellison, has set his sights on becoming the top player in cloud databases, applications, and data centers. With their strong foothold in the market and growing demand for cloud migration, Ellison believes Oracle is uniquely positioned to achieve this goal. The company's multicloud strategy, specifically designed for AI workloads, has also proved to be a popular choice among customers with a 115% quarter-over-quarter revenue growth. However, the competition in cloud applications, particularly from Salesforce, may pose a challenge for Oracle's ambitious plan.
The farmers in Kerala's Thrissur district are facing a crisis as the state government has failed to fulfill their promises, including timely payment for paddy crops and incentives. The farmers are struggling with a loss of Rs 414 crore due to a decrease in the incentive amount provided by the government. They also demand repairs for crucial infrastructure like regulators and motor pumps, as well as timely availability of quality seeds and fertilizers. The delay in paddy payments is causing loan repayments to be delayed, adding to the farmers' financial burden.
The apparel sector in India has been experiencing significant growth in recent years, but this growth has come with its costs. Forces such as foreign companies, e-commerce, and changing fashion cycles have disrupted the market, leading to an increase in affordable and disposable clothing. As a result, traditional sustainability practices, rooted in local sourcing and durable materials, are being challenged. However, the rise of thrifting, which promotes circularity and challenges the throwaway culture, offers a middle ground between traditional methods and the appeal of fast fashion.