Polaris Industries is going to start winding down it's Victory Motorcycle brand and operations, effective immediately, it was announced Monday.

They will continue to provide parts for 10 years as dealers sell off their inventory.

According to their press release, Chairman and CEO Scott Wine said, “Over the past 18 years, we have invested not only resources, but our hearts and souls, into forging the Victory Motorcycles brand, and we are exceptionally proud of what our team has accomplished. Since inception, our teams have designed and produced nearly 60 Victory models that have been honored with 25 of the industry’s top awards. The experience, knowledge, infrastructure and capability we’ve built in those 18 years gave us the confidence to acquire and develop the Indian Motorcycle brand, so I would like to express my gratitude to everyone associated with Victory Motorcycles and celebrate your many contributions.”

Polaris, based in Medina, will continue to support the future growth of the ongoing motorcycle business. Polaris remains committed to maintaining its presence in the Spirit Lake, Iowa, community with Indian Motorcycle production and in the Huntsville, Ala., community with its Slingshot production.