Indian Motorcycle Corporation Sets New Sales Record - May Sales Jump 39 Percent Compared to Same Period Last Year -

    GILROY, Calif.--June 17, 2003--Indian Motorcycle Corporation set a new monthly sales record in May of 563 motorcycles, up 39 percent compared to the same period last year, according to company officials and as reported to the Motorcycle Industry Council.
    Although the overall industry experienced a slight decline in May, Indian enjoyed the single largest percentage gain of all the major motorcycle manufacturers and monthly unit sales were ahead of other manufacturers such as Triumph, Ducati, Victory and Aprilia.
    "The motorcycle industry is an extremely competitive business so when you see double-digit increases like these, you have to be pleased," said John Koehler, Vice President of Sales at Indian Motorcycle Corporation.
    According to Koehler, May 2003 was the biggest sales month in Indian's five-year history and helped to bring up year-to-date Indian motorcycle sales 11% in the context of a relatively flat overall motorcycle market.
    "We have disciplined ourselves to focus on long term growth and stability, so we try to keep sales numbers like these in perspective. However, this does tell us that Indian motorcycles are attracting a greater share of the market and that momentum is on our side," added Fran O'Hagan, Senior Vice President of Sales, Service, Marketing and Product Management at IMC. "We are looking forward to the fall introduction of our 2004 models, which we hope will continue this upward trend."

    About Indian Motorcycle Corporation

    Indian Motorcycle Corporation, based in Gilroy, California, was formed in 1998 to re-launch an American icon. The original Indian Motorcycle Company built the first American-made motorcycle in 1901. The Indian brand is well known to motorcycle enthusiasts because of its reputation for innovation and distinctive styling.
    Indian currently designs, manufactures and markets a full line of premium heavyweight motorcycles and a broad range of related products, parts, accessories, riding gear and lifestyle apparel. There are more than 200 Indian motorcycle dealers in the United States and Canada. For more information on Indian motorcycles, please visit www.indianmotorcycle.com.
    Indian, Chief, Scout, Indian Spirit, Powerplus, script Indian, Indian Motorcycle, Indian Riders Group, the skirted fender and war bonnet lamp designs and the logos are trademarks and registered trademarks of IMCOA Licensing America, Inc. in the U.S. and Foreign countries.