Polaris Industries Inc. (NYSE: PII), owner of Victory and Indian motorcycles, reported Friday several organizational changes designed to align its leadership team with the company's long term strategic objectives.
Polaris hasn't announced any specific plans for Indian Motorcycles, but the post-jump press release does say that the motorcycle maker will operate as an autonomous brand. Polaris CEO Scott Wine says he's excited to be part of the revitalization of America's first motorcycle builder, adding, "With our technology and vision, we are confident we will deliver the classic Indian motorcycle, enhanced by the quality and performance for which Polaris and Victory are known.
I'm looking forward to seeing how this develops and I bet Harley is interested, too. One of the factors hurting Indian may have been customer concern over the future prospects for the company. The support of Polaris promises a brighter future and that alone may boost sales.
With this acquisition, Polaris adds one of motorcycling’s legendary brands to its strong stable of Victory cruiser and touring bikes. Indian will operate as an autonomous business unit, building upon the potent combination of Polaris’ engineering acumen and innovative technology with Indian’s premium brand, iconic design and rich American heritage.
