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Polaris Reports Q1 2013 Results

Polaris Industries reported a 26% increase in net income over the first quarter of 2013, but a 2.9% decline in on-road vehicle sales (comprised almost entirely of Victory and Indian Motorcycles). The company’s first quarter filings report a net income of $75.5 million, up from the $60.1 million reported over the same period in 2012. Much of the increase can be attributed to a 217% increase in net sales from its snowmobile division, spurred in large part by increase in snowfall across many regions of North America.

India Raises Import Duty on Motorcycles to 75%

The government of India has laid out its budget for 2013-2014, increasing the import duty for large motorcycles. The news will impact several major manufacturers hoping to gain a stake in the world’s second largest motorcycle market. India has become the hotspot for manufacturers but one of the biggest obstacles they face is the duty India levies on luxury goods.

2014 Indian Big Chief Custom Revealed in New York City

The rebirth of the Indian Motorcycle Manufacturing Company continues with the unveiling of the first new custom model under Polaris Industries ownership at the New York City International Motorcycle Show. Dubbed the Indian Big Chief Custom, the one-off special is a showcase for the brand’s Genuine Indian Accessories, offering a glimpse of the possibilities for customization. The Indian Big Chief Custom was created by a crew led by the head of Polaris’s Industrial Design team Greg Brew from a 2014 Chief Classic.