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Polaris Sells Majority Stake in Indian Motorcycle to Private Equity

Polaris has agreed to sell a majority stake in Indian Motorcycle to private equity firm Carolwood LP, with the deal expected to close in early 2026. The move will transform Indian into a standalone company while Polaris retains a minority position. Industry analysts suggest this could mark a significant shift for the historic motorcycle brand.

A New Chapter for an American Icon

Indian Motorcycle, the legendary American brand that’s been under Polaris ownership since 2011, is heading toward independence. According to recent corporate announcements, Polaris has reached an agreement to sell a controlling stake in the motorcycle division to Carolwood LP, a Los Angeles-based private equity firm with diverse holdings across multiple industries.