Uncertain Future for America's Oldest Bike Maker
Indian Motorcycle has been sold by Polaris Inc. to Carolwood LP, a California-based private equity company, ending Polaris' 28-year involvement in the motorcycling industry.
The buyer, Carolwood LP, has a diverse portfolio including real estate, hot sauce, and a chain of bagel shops in the UK, but lacks experience in the vehicle industry.
The unexpected and sudden nature of the sale, Carolwood’s seeming lack of relevant experience, and Polaris’ barely concealed glee at ridding itself of Indian have most observers confused and concerned for the future of this 124-year-old Indian brand.
The sale has raised concerns about the future of the historic brand, with many observers unsure what the change in ownership will mean for Indian Motorcycle.
Author's summary: Indian Motorcycle faces uncertainty after sale to Carolwood LP.