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Polaris Reports Q4 2013 Sales Results – Motorcycle Sales Up 94%!

Polaris Industries a record fourth quarter ended Dec. 31, 2013, with sales revenue of $1.08 billion and a net income of $108.7 million. While off-road vehicles represent the bulk of Polaris’ business, its motorcycle operations saw a 94% increase in fourth quarter sales, thanks to strong demand for Victory Motorcycles and the addition of new Indian Motorcycles models.

Hero MotoCorp Forms Joint Venture with Magneti Marelli

Indian manufacturer Hero MotoCorp is teaming up with electronic fuel injection expert Magneti Marelli in a new joint venture. Hero will hold a 60% share in the company with Magenti Marelli controlling the other 40%. The two companies are initially investing a combined US$8.5 million into the joint venture, with a planned  investment of US$27 million total over the next ten years.

Indian Pursuit and Indian Guardian Trademarks

New models could be offshoots of the Indian Challenger Indian has filed trademark applications for two potential model names: “Indian Pursuit” and “Indian Guardian“. The two trademark applications, initially filed with the USPTO and then with the Australian intellectual property office, were registered for use on “Motorcycles and structural parts therefor.” As usual, the trademark applications don’t offer many details leaving us to speculate on what the names will be used for. The Indian Pursuit sounds like a police vehicle, and Guardian has a similar vibe to it.