Finalisation of its acquisition plan sees Indian Motorcycle coming under the control of Carolwood, a private equity firm based in Los Angeles, US. Celebrating its 125th anniversary in 2026, Indian Motorcycle was previously owned by Polaris, a company more known for its snowmobiles, side-by-side vehicles and Slingshot three-wheelers, as well as ownership the Victory Motorcycle brand that was closed in 2017. Indian will be led as a stand-alone company under new CEO and US motorcycle-industry veteran, Mike Kennedy. Kennedy said Indian is committed to a long-term strategy centered on delivering an even better ownership experience for riders and stronger, more focused support for the dealer network. 900 employees will transition to the new Indian Motorcycle. Manufacturing ]continues at Indian’s existing facilities in Spirit Lake, Iowa, and Monticello, Minnesota, and continuing its industrial design and technology and product development out of centers in Burgdorf, Switzerland and Wyoming, Minnesota. In Malaysia, Indian Motorcycle is represented by Spirit Lake Motor, a company under the AFY Mobility Industries (AMI) umbrella.