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Hero MotoCorp Forms Joint Venture with Magneti Marelli

Indian manufacturer Hero MotoCorp is teaming up with electronic fuel injection expert Magneti Marelli in a new joint venture. Hero will hold a 60% share in the company with Magenti Marelli controlling the other 40%. The two companies are initially investing a combined US$8.5 million into the joint venture, with a planned  investment of US$27 million total over the next ten years.

Indian Motorcycles Marque Of The Year For 2014 Vintage Motorcycle Days

Riding the wave of momentum from Indian’s long-awaited revival, for 2014, Indian Motorcycles will be the marque of the year at this year’s Vintage Motorcycle Days (VMD), held at the historic Mid-Ohio Sports Car Course in Lexington, Ohio, July 11-13. As this year’s celebrated marque, VMD will include special recognition, displays and race classes for historic Indian-brand motorcycles (including Indian “Motocycles” from the early days), as well as participation from the new Indian Motorcycle. VMD is open to all riders, regardless of what bike they ride.

Polaris Reports Q4 2011 Results

Polaris Industries reported a record net profit of $227.6 million for 2011. Polaris’ on-road arm, which consists primarily of Victory Motorcycles saw a 79% year-on-year increase in sales. Sales from on-road vehicles, including Victory and Indian motorcycles as well as small electric vehicles from the newly-acquired GEM and Goupil brands, totaled $146.3 million in 2011, compared to just $81.6 million in 2010.