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Polaris Reports Q3 2013 Sales Results

Polaris Industries topped the $1 billion mark in sales for the first time in company history during the third quarter. Total sales revenue totaled $1.1 billion in the quarter, up 25.3% from $879.9 million reported in the same quarter last year. “Our record third quarter results reflect both the ongoing demand for our existing products and the potential contained within the initial shipments of our model year 2014 vehicles, the largest new product introduction in the company’s history,” says Scott Wine, chief executive officer of Polaris Industries.

Lambretta Licensees Deny Consortium’s Trademark Infringement Claims

Two companies named in the Lambretta Consortium’s claims of trademark infringement say they have legitimate rights to use the Italian scooter brand’s name. Clag International and Motom Electronics Group (MEG) have released a joint statement saying Italian courts have ruled their licenses to use the Lambretta name are valid. The statement was released in response to the Lambretta Consortium’s announcement about taking legal action against unlicensed use of the brand.

Indian Motorcycles Heading to … Um … India

Polaris Industries announced it will launch its Indian Motorcycles brand in India on January 22, 2014. The inherently awkward naming aside, Indian Motorcycles India will begin operations about two months after the launch of its Polaris cousins Victory Motorcycles as the latest brand to seek out a chunk of the world’s second largest motorcycle market. Indian Motorcycles India will offer the company’s complete lineup, which includes the Chief Classic, Chief Vintage and Chieftain.