Polaris Industries reported a 110% increase in sales from its On-Road division over the second quarter of 2012. The On-Road division consists primarily of Victory Motorcycles but also includes Indian Motorcycles, electric vehicle brands Global Electric Motorcars and Goupil. The acquisitions of the latter three brands contributed to nearly a third of the overall growth.

According to Polaris’ second quarter 2012 report, the On-Road division generated $64.7 million in sales, more than double the $30.9 million reported over the same quarter of 2011. First half sales totaled $129.4 million, a 71% increase from the $75.8 million in sales reported over Q2 2011.

Victory Motorcycles saw a 10% gain in North American retail sales over the second quarter. By contrast, the overall heavyweight cruiser and touring market in North America saw only a low single-digit percent increase over the quarter. Continue Reading »

“We are excited to advance our electric vehicle capability by establishing Polaris as a business partner and part owner of Brammo, one of the most innovative and aggressive companies we have found in the electric motorcycle space,” says Scott Wine, Polaris CEO. “Our companies share a passion for performance, and we look forward to exploiting the numerous opportunities created by pairing Brammo’s industry-leading electric powertrain technology with Polaris’ vast array of market-leading powersports products. This is a small, but important, investment for Polaris in an electric vehicle market that we feel is poised for significant growth.”

Polaris is hardly new to electric vehicles. The Minnesota-based manufacturer currently produces the Ranger EV off-road vehicle and the Gem and Breeze neighborhood vehicles. Continue Reading »