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10-K primary document
PII · Annual Report (Form 10-K) · Filed February 13, 2026

Polaris Inc10-K exhibit

exhibit21-subsidiariesx123.htm
Document

Exhibit 21
Subsidiaries of Polaris Inc. as of December 31, 2025
Name of Subsidiary
State or Other Jurisdiction of Incorporation or Organization
A.M. Holding S.A.S.France
Aixam Immobilier S.A.S.France
Aixam Lusitana Sociedade de Comercializacao de Automoveis, S.A.Portugal
Aixam-Mega S.A.S.France
Aixam Production S.A.S.France
Aixam Mega Engineering S.A.S.France
AIXAM Mega GmbHAustria
Aixam Mega Italia S.R.L.Italy
Aixam Mega Nederland BVNetherlands
Aixam-Mega Iberica, S.L.Spain
AM e-Production S.A.S.France
BAIC TAP Off-Road Vehicle Technology Company Limited (25%)China
Carmax S.A.S.France
Carmetal S.A.S.France
Compagnie Industrielle du Vercors C.I.V.France
Crew Seating, Inc. (60%)Delaware
Eicher Polaris Private Ltd. (50%)India
FAM S.A.S.France
Goupil Industrie S.A.France
Highwater Marine LLCDelaware
Indian Motorcycle LLCDelaware
Indian Motorcycle International, LLCDelaware
Indian Motorcycle Canada Ltd.Canada
Indian Motorcycle USA, LLCDelaware
KLIM Europe SarlSwitzerland
Mega Production S.A.France
North Pole Star, S. de R.L. de C.V.Mexico
North 54 Insurance, Inc. Hawaii
Northstar Precision (Vietnam) Company Limited (80.1%)Vietnam
Polaris Acceptance (50%)Illinois
Polaris Acceptance Inc.Minnesota
Polaris APLA Holdco Pte. Ltd.Singapore
Polaris Boats LLCDelaware
Polaris Britain LimitedUnited Kingdom
Polaris Canada Holdco LPCanada
Polaris EMEA Support Center EMEA Sp.z.o.o.Poland
Polaris Events, LLCMinnesota
Polaris Experience, LLCMinnesota
Polaris Finance Co LLCMinnesota
Polaris Finance Co SarlLuxembourg
Polaris Finland OyFinland
Polaris France Holdco SNCFrance
Polaris France S.A.S.France
Polaris Germany GmbHGermany
Polaris India Private Ltd.India
Polaris Industries Holdco LPCayman Islands
Polaris Industries Inc.Delaware
Polaris Industries LLCDelaware



Polaris Industries Ltd.Canada
Polaris Japan Inc.Japan
Polaris Limited, ChinaChina
Polaris Luxembourg I SarlLuxembourg
Polaris Luxembourg II SarlLuxembourg
Polaris Monticello LLCMinnesota
Polaris Norway ASNorway
Polaris of Brazil Import and Trade of Vehicles and Motorcycles LLCBrazil
Polaris Poland Sp. z o.o.Poland
Polaris Sales Australia Pty. Ltd.Australia
Polaris Sales Europe Inc.Minnesota
Polaris Sales Europe SarlSwitzerland
Polaris Sales Inc.Minnesota
Polaris Sales Mexico, S. de R.L. de C.V.Mexico
Polaris Sales Spain, S.L.Spain
Polaris Scandinavia ABSweden
Polaris Technology Center Burgdorf LLCSwitzerland
Polaris Vietnam Company LimitedVietnam
Polaris Warranty Group LLCMinnesota
Pontoon Boat, LLCDelaware
Premier O.E.M. Inc.Wisconsin
SCI GEBFrance
TAP Off Road Investment Company, Ltd.Hong Kong
T Outfitters GmbHAustria
Teton Outfitters, LLCIdaho
Thunder Germany GmbHGermany
Thunder UK HoldCo LimitedUnited Kingdom
Usin'alpes S.A.S.France
Victory Motorcycles Australia Pty LtdAustralia
WSI Industries LLCMinnesota

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