Polaris Industries announces planned sale of Indian Motorcycles

Polaris Industries announced Monday that it's selling Indian Motorcycles to California-based Carolwood LP, a private equity firm. 

According to a press release, the deal is expected to close in the first quarter of 2026. "Polaris is confident in Indian Motorcycle’s future success under Carolwood ownership and will maintain a small equity position in the business after the transaction closes,” the release states.

About 900 employees will transition as part of the new Indian Motorcycle Company at its manufacturing facilities in Spirit Lake and Monticello, Minnesota, along with a design and technology center in Switzerland, the release added. Indian Motorcycle will “retain the majority of its team, including engineers, designers and staff, along with manufacturing resources.”