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Polaris to Launch Victory in India

Polaris plans to bring its Victory Motorcycles brand to India by the end of the year, says Pankaj Dubey, managing director of Polaris India. “Yes we have decided to launch in the market by the end of 2013,” Dubey tells the Press Trust of India. The American company entered the Indian market in 2012 at the New Delhi Auto Expo.

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.

US Motorcycle Sales First Half 2011 Results

The U.S. motorcycle industry saw a 4.6% decrease in year-on-year sales over the first six months of 2011, thanks mostly to a 17.3% drop in ATV sales. Motorcycle and scooter sales however saw a 1.7% bump in the first half .