Indian Motorcycles ends production of FTR 1200?

A press release from Polaris, parent company of Indian Motorcycles, indicated the Indian FTR 1200 is to be dropped from the catalogue. A footnote in Polaris’ 2024 fourth quarter financial statement said, “(3) Represents adjustments for corporate restructuring and the wind down of the FTR product line within the Company’s On Road segment.”

This follows after a reported year of flat sales for Indian Motorcycles, as well as a 15% down turn in sales of parts, garments and accessories. Polaris reported 180.8 million USD (RM807.59 million) in sales for the fourth quarter (Q4) of 2024 for its “On Road” division, a drop of 21% from the 229.4 million USD (RM1.024 billion) for the same period in 2023.

Meanwhile, gross profit margin for Polaris On Road division fell from 13.8% in Q$ 2023 to 9.9% in Q4 2024. The statement attributed this to a lower sales volume with North America unit retail sales for the comparable motorcycle industry down to high-single digits percent.

The negative outlook continues to 2025, with Polaris expecting sales to be down one to four percent versus 2024. The Minnesota, US, based company attributes this to margin headwinds from negative mix, planned reductions in production leading to negative absorption in addition to the restoration of the company’s employee profit-sharing program.

Launched in 2018, the Indian FTR 1200 was a new V-twin motorcycle designed in the “flat tracker” style. While Indian does not release its sales numbers, it is surmised that market take up of the FTR 1200, as well as the cost to make the V-twin engine Euro 5+ compliant, did not allow for the numbers to make financial sense.

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