Polaris Sells Indian Motorcycle
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(Reuters) -Shares of Polaris rose more than 10% in premarket trading on Tuesday after the power-sports vehicle maker said it would spin off its Indian Motorcycle unit and forecast a third-quarter profit, beating Wall Street's loss expectations.
American group Polaris said it sold the majority stake in Indian Motorcycle to Carolwood LP, bike maker to operate on its own from early 2026.