Just a bit of further information on this (which I didnt know but I had to look up)
From
http://en.wikipedia.org/wiki/Indian_(motorcycle)
Floyd Clymer imports, 1963-1977
1972 Indian MM-5A minibikeFrom the 1960s, entrepreneur Floyd Clymer began using the Indian name, apparently without purchasing it from the last known legitimate trademark holder. He attached it to imported motorcycles, commissioned to Italian ex-pilot and engineer Leopoldo Tartarini, owner of Italjet Moto, to manufacture Minarelli-engined 50 cc minibikes under the Indian Papoose name. These were so successful that Clymer also commissioned Tartarini to build full-size Indian motorcycles based on the Italjet Grifon design, but fitted firstly with Royal Enfield Interceptor 750 cc parallel-twin engines, then with Velocette 500 cc single-cylinder Thruxton engines.[citation needed]
After Clymer's death in 1970 his widow sold the alleged Indian trademark to Los Angeles attorney Alan Newman, who continued to import minicycles made by ItalJet, and later manufactured in a wholly owned assembly plant located in Taipei (Taiwan). Several models with engine displacement between 50 cc and 175 cc were produced, mostly fitted with Italian two-stroke engines made either by Italjet or Franco Morini, but the fortunes of this venture didn't last long. By 1975, sales were dwindling, and in January 1977, the company was declared bankrupt. The right to the brand name passed through a succession of owners and became a subject of competing claims in the 1980s, finally decided in December 1998 by a Federal bankruptcy court in Denver, Colorado.
Interesting reading!!
