Polaris Sells Indian Motorcycle Majority Stake: Iconic American Brand Begins New Chapter with Carolwood LP
Polaris Inc. (NYSE: PII) made a significant strategic announcement on October 13, 2025, confirming the sale of a majority stake in its Indian Motorcycle business to private equity firm Carolwood LP. This landmark motorcycle industry news officially separates the historic Indian Motorcycle brand from the Polaris portfolio, establishing it as a standalone company for accelerated growth and dedicated focus.
The Polaris divestiture is a strategic move, allowing Polaris to sharpen its focus on its core four-wheel business (Off-Road and Snow), while providing Indian Motorcycle with the specialized resources needed for its next stage of expansion as an independent American motorcycle company.
Key transaction highlights for investors:
- The deal is expected to be accretive to Polaris’ adjusted EBITDA margins (approx. $50 million annually) and adjusted EPS (approx. $1.00 annually) upon its expected close in the first quarter of 2026.
- The transition of approximately 900 employees, including critical engineering and design staff, ensures continuity for the motorcycle brand.
- The new Indian Motorcycle Company will retain major manufacturing facilities in Spirit Lake, Iowa, and Monticello, Minnesota, along with its industrial design center in Switzerland, preserving its operational foundation.
This marks a major turning point for the iconic American motorcycle brand and a significant development for the powersports market, signaling Carolwood LP’s investment in growing heritage consumer brands.
Sources
https://www.polaris.com/en-us/news/company/polaris-to-separate-indian-motorcycle-into-standalone-company/ | Polaris Official Press Release |
https://www.prnewswire.com/news-releases/polaris-to-separate-indian-motorcycle-into-a-standalone-company-will-sell-majority-stake-to-carolwood-lp-302582394.html | PR Newswire (Corporate Announcement) |
https://ir.polaris.com/news/news-details/2025/Polaris-to-Separate-Indian-Motorcycle-into-a-Standalone-Company-Will-Sell-Majority-Stake-to-Carolwood-LP/default.aspx | Polaris Investor Relations |
https://www.cycleworld.com/motorcycle-news/polaris-selling-indian-motorcycle-majority-stake/ | Industry News (Cycle World) |
https://www.revzilla.com/common-tread/polaris-sells-majority-stake-in-indian-making-it-a-separate-company | Industry News (RevZilla) |
https://www.cyclenews.com/2025/10/article/polaris-sells-indian-motorcycle-to-carolwood-lp/ | Industry News (Cycle News) |
https://powersportsbusiness.com/news/indian-motorcycles/2025/10/13/breaking-news-polaris-to-sell-majority-stake-in-indian-motorcycle-to-private-equity/ | Industry News (Powersports Business) |
https://www.carolwoodlp.com/press | Carolwood LP Press Page |
https://www.rideapart.com/news/775634/polaris-inc-sells-indian-motorcycle-carlwood-lp-layoffs/ | Motorcycle News (RideApart) |
https://www.investing.com/news/company-news/polaris-to-sell-majority-stake-in-indian-motorcycle-to-carolwood-93CH-4284571 | Financial News (Investing.com) |
Our Social Media Handles
- Instagram : LivingWithGravity
- Medium : Akash Dolas
- YouTube Channel : Gear and Shutter
- Facebook : LivingWithGravity
