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Ever since Polaris Industries (NYSE:PII) resurrected the Indian Motorcycle nameplate in 2013, it’s been a David versus Goliath scenario against Harley-Davidson (NYSE:HOG). While no one expects Polaris to slay Harley, or even dethrone it as the big bike king, it’s clear the upstart has caused its industry rival to stumble.

At the end of 2012, Harley owned 57.2% of the heavyweight motorcycle market for bikes 601 cubic centimeters and larger, but by the end of 2015, that had shrunk to  …  More

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