Companies

Polaris India aims $100 m revenues in 5 yrs

PTI Mumbai | Updated on March 12, 2018

polaris-india   -  Business Line

Off-road vehicle maker Polaris India on Friday said it plans to set up an assembly plant in the country within the next four to five years and is eyeing revenues of $100 million by 2016.

“We see significant growth over the next five years here and are eyeing $100 million revenue during the same period. We are a world leader in off-road and all-terrain vehicles and will dominate the market here also,” said Mr Pankaj Dubey, Managing Director, Polaris India.

Once sales increase, the company will look at setting up a manufacturing plant in India, Mr Dubey added.

Polaris India, a subsidiary of the US- based Polaris Industries, today launched its off—road and all— terrain vehicles here, priced between Rs 2.78 lakh and Rs 20 lakh.

At present, its flagship products include ATVs, Polaris Ranger, side-by-side vehicles and Snowmobile, which are imported from the US and Mexico as completely built units.

“We will focus on the utility application of our vehicles in areas of construction, mining, farming, military and coastal patrolling,” Mr Dubey said.

Published on October 14, 2011

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