- Carolwood LP acquires Indian Motorcycle in its entirety from Polaris
- Closure of the plant in Osceola, Wisconsin, affects around 200 jobs
- Production will be concentrated at existing locations in Iowa and Minnesota
After more than a decade under the Polaris umbrella, Indian Motorcycle is once again becoming an independent company. The completion of the acquisition by private equity investor Carolwood LP marks a strategic turning point for the oldest motorcycle brand in the US. This step coincides with the brand’s 125th anniversary in 2026 and underscores the significance of the transition for the company’s future direction.
Change of ownership ends Polaris era
With the sale of Indian Motorcycle, Polaris is withdrawing as majority shareholder. The brand will be run as an independent company in the future and will focus exclusively on motorcycles. The new owner is Carolwood LP, an investor that, according to the company, focuses on long-term development rather than short-term effects.
Operational management will be taken over by the new CEO Mike Kennedy, a long-standing industry manager. Under his leadership, Indian Motorcycle, as an independent company, will gain greater clarity in decision-making processes and focus investments more specifically on products, quality, and brand identity.
Plant closure in Wisconsin with consequences for employees
Part of the realignment also includes a structural consolidation of production. The Polaris plant in Osceola, Wisconsin, will be closed by the end of the year. This will affect around 200 jobs. The engine production located there will be relocated to existing production facilities in the future.
This decision is directly related to the separation from Polaris. While Indian Motorcycle will operate as an independent entity in the future, production capacities will be more tightly bundled and relocated to clearly defined locations.
Focus on existing US locations
The production of Indian motorcycles will take place entirely in the US. The central production locations will remain Spirit Lake in Iowa and Monticello in Minnesota. Industrial development and technical design will also remain at the existing locations in Burgdorf, Switzerland, and Wyoming, Minnesota.
According to the company, sales, service, and support for the dealer network will continue without interruption. The approximately 900 employees who previously worked for Indian Motorcycle as part of the Polaris structure will transfer to the newly established company.
Greater focus on dealer network
A key component of the new strategy is closer cooperation with the global dealer network. The company’s management emphasizes that the economic stability of dealers will be seen as a key benchmark for its own success in the future. Transparency, early involvement, and greater consideration of dealer feedback will shape decision-making processes.
At the same time, the brand positioning will be sharpened. Design, workmanship, and driving dynamics will be more closely aligned with the historical identity of Indian Motorcycle, without anticipating specific product details. No statements have been made yet about future models or technical innovations.
American manufacturing as a strategic core
A central element of the new orientation is the emphasis on US production. Indian Motorcycle is to use its American origins not only as part of the brand story, but also as a strategic advantage. The focus on domestic manufacturing is seen as a long-term positioning and not as a short-term marketing measure.
With the completion of the acquisition and the associated structural decisions, a new phase is beginning for Indian Motorcycle. The transition will bring changes such as the closure of the factory in Wisconsin, but at the same time it is intended to lay the foundation for a more clearly focused future as an independent motorcycle manufacturer.
What does this mean for me as a motorcyclist?
For motorcyclists, the change of ownership at Indian Motorcycle means above all continuity with possible long-term changes. According to the company, service, spare parts supply, and dealer support will continue seamlessly, so no restrictions are to be expected in everyday life in the short term. In the medium to long term, the stronger focus on motorcycles, US manufacturing, and an independent product strategy in the form of a clearer model policy, targeted further developments, and a stronger brand identity could become noticeable. However, no concrete effects on prices, model range, or technology have been mentioned so far and cannot be reliably assessed at this stage.
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