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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_7F84BE260DFF9AC5C486565585326277" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayable_7D4B0BC8F794B0D8CD5956558532CE3A_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayable_7D4B0BC8F794B0D8CD5956558532CE3A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts payable</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInAccruedLiabilities_473B0E2686790BAB0E33565585323F79_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccruedLiabilities_473B0E2686790BAB0E33565585323F79" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued expenses</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedLiabilities_473B0E2686790BAB0E33565585323F79" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInIncomeTaxes_398DF1758A8DD5A3AE79565585321950_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInIncomeTaxes_398DF1758A8DD5A3AE79565585321950" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income taxes payable/receivable</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_632C9A62CD499E6DE1F75655853229C9_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_632C9A62CD499E6DE1F75655853229C9" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Prepaid expenses and others, net</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_632C9A62CD499E6DE1F75655853229C9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_7E27C73AF8AE69B2B0A2565585326168_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_7E27C73AF8AE69B2B0A2565585326168" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by operating activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_7E27C73AF8AE69B2B0A2565585326168_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_7E27C73AF8AE69B2B0A2565585326168" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_7E27C73AF8AE69B2B0A2565585326168" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_312467AFE7FEBF5EF352565585322F25_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_312467AFE7FEBF5EF352565585322F25" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investing Activities:</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_312467AFE7FEBF5EF352565585322F25_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_312467AFE7FEBF5EF352565585322F25" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities [Abstract]</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_51E503373B24F14D2E4C56558533875A_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_51E503373B24F14D2E4C56558533875A" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of property and equipment</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_51E503373B24F14D2E4C56558533875A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsForProceedsFromBusinessesAndInterestInAffiliates_63F4132A2D6D00CE6D295655853386B4_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromBusinessesAndInterestInAffiliates_63F4132A2D6D00CE6D295655853386B4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Investment in finance affiliate, net</link:label>
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    <link:label id="lab_us-gaap_GoodwillRollForward_620D7585C1C3DBF7B6165228DE634E14_label_en-US" xlink:label="lab_us-gaap_GoodwillRollForward_620D7585C1C3DBF7B6165228DE634E14" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill [Roll Forward]</link:label>
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    <link:label id="lab_us-gaap_Goodwill_8D1538BE20367E7C61595228DE638B40_label_en-US" xlink:label="lab_us-gaap_Goodwill_8D1538BE20367E7C61595228DE638B40" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
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    <link:label id="lab_pii_CurrencyAustralianDollarMember_59E0D17BB307647F509B5228E1ABF46A_terseLabel_en-US" xlink:label="lab_pii_CurrencyAustralianDollarMember_59E0D17BB307647F509B5228E1ABF46A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Australian Dollar</link:label>
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    <link:label id="lab_pii_OffRoadVehicleMember_3940866AFF1827F2A2C45E622B3A0CAC_terseLabel_en-US" xlink:label="lab_pii_OffRoadVehicleMember_3940866AFF1827F2A2C45E622B3A0CAC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Off Road Vehicle</link:label>
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    <link:label id="lab_pii_SnowmobilesMember_3819446A8267B8E537685E622B3A56A2_terseLabel_en-US" xlink:label="lab_pii_SnowmobilesMember_3819446A8267B8E537685E622B3A56A2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Snowmobiles</link:label>
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    <link:label id="lab_pii_SnowmobilesMember_3819446A8267B8E537685E622B3A56A2_documentation_en-US" xlink:label="lab_pii_SnowmobilesMember_3819446A8267B8E537685E622B3A56A2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Snowmobiles and Motorcycles [Member]</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pii_SnowmobilesMember_3819446A8267B8E537685E622B3A56A2" xlink:to="lab_pii_SnowmobilesMember_3819446A8267B8E537685E622B3A56A2" xlink:type="arc" />
    <link:label id="lab_pii_MotorcyclesMember_DF303239BB264DDD601D5E622B3A7B8D_terseLabel_en-US" xlink:label="lab_pii_MotorcyclesMember_DF303239BB264DDD601D5E622B3A7B8D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Motorcycles</link:label>
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    <link:loc xlink:href="pii-20160331.xsd#pii_MotorcyclesMember" xlink:label="loc_pii_MotorcyclesMember_DF303239BB264DDD601D5E622B3A7B8D" xlink:type="locator" />
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    <link:label id="lab_pii_TaylorDunnMember_87B6AEE47E81DD86EB365E622B3ABAAC_terseLabel_en-US" xlink:label="lab_pii_TaylorDunnMember_87B6AEE47E81DD86EB365E622B3ABAAC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taylor-Dunn</link:label>
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    <link:label id="lab_pii_TaylorDunnMember_87B6AEE47E81DD86EB365E622B3ABAAC_documentation_en-US" xlink:label="lab_pii_TaylorDunnMember_87B6AEE47E81DD86EB365E622B3ABAAC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Taylor-Dunn [Member]</link:label>
    <link:loc xlink:href="pii-20160331.xsd#pii_TaylorDunnMember" xlink:label="loc_pii_TaylorDunnMember_87B6AEE47E81DD86EB365E622B3ABAAC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pii_TaylorDunnMember_87B6AEE47E81DD86EB365E622B3ABAAC" xlink:to="lab_pii_TaylorDunnMember_87B6AEE47E81DD86EB365E622B3ABAAC" xlink:type="arc" />
    <link:label id="lab_pii_SmallVehiclesMember_40DFB0D295BD0255DA7D5E622B3A5A95_terseLabel_en-US" xlink:label="lab_pii_SmallVehiclesMember_40DFB0D295BD0255DA7D5E622B3A5A95" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Global Adjacent Markets</link:label>
    <link:label id="lab_pii_SmallVehiclesMember_40DFB0D295BD0255DA7D5E622B3A5A95_label_en-US" xlink:label="lab_pii_SmallVehiclesMember_40DFB0D295BD0255DA7D5E622B3A5A95" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Small Vehicles [Member]</link:label>
    <link:label id="lab_pii_SmallVehiclesMember_40DFB0D295BD0255DA7D5E622B3A5A95_documentation_en-US" xlink:label="lab_pii_SmallVehiclesMember_40DFB0D295BD0255DA7D5E622B3A5A95" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Small Vehicles [Member]</link:label>
    <link:loc xlink:href="pii-20160331.xsd#pii_SmallVehiclesMember" xlink:label="loc_pii_SmallVehiclesMember_40DFB0D295BD0255DA7D5E622B3A5A95" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pii_SmallVehiclesMember_40DFB0D295BD0255DA7D5E622B3A5A95" xlink:to="lab_pii_SmallVehiclesMember_40DFB0D295BD0255DA7D5E622B3A5A95" xlink:type="arc" />
    <link:label id="lab_pii_ProductWarrantyLiabilityLineItems_F1F36B9F8A5A508523285E622B3A1FEE_terseLabel_en-US" xlink:label="lab_pii_ProductWarrantyLiabilityLineItems_F1F36B9F8A5A508523285E622B3A1FEE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Product Warranty Liability [Line Items]</link:label>
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    <link:label id="lab_pii_ProductWarrantyLiabilityLineItems_F1F36B9F8A5A508523285E622B3A1FEE_documentation_en-US" xlink:label="lab_pii_ProductWarrantyLiabilityLineItems_F1F36B9F8A5A508523285E622B3A1FEE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Product Warranty Liability [Line Items]</link:label>
    <link:loc xlink:href="pii-20160331.xsd#pii_ProductWarrantyLiabilityLineItems" xlink:label="loc_pii_ProductWarrantyLiabilityLineItems_F1F36B9F8A5A508523285E622B3A1FEE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pii_ProductWarrantyLiabilityLineItems_F1F36B9F8A5A508523285E622B3A1FEE" xlink:to="lab_pii_ProductWarrantyLiabilityLineItems_F1F36B9F8A5A508523285E622B3A1FEE" xlink:type="arc" />
    <link:label id="lab_pii_StandardProductWarrantyTimePeriod_270BDD92AF700AF815B65E622B3AEFDE_terseLabel_en-US" xlink:label="lab_pii_StandardProductWarrantyTimePeriod_270BDD92AF700AF815B65E622B3AEFDE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period of warranties provided by Polaris</link:label>
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    <link:label id="lab_pii_StandardProductWarrantyTimePeriod_270BDD92AF700AF815B65E622B3AEFDE_documentation_en-US" xlink:label="lab_pii_StandardProductWarrantyTimePeriod_270BDD92AF700AF815B65E622B3AEFDE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Standard Product Warranty Time Period</link:label>
    <link:loc xlink:href="pii-20160331.xsd#pii_StandardProductWarrantyTimePeriod" xlink:label="loc_pii_StandardProductWarrantyTimePeriod_270BDD92AF700AF815B65E622B3AEFDE" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DeferredFinanceCostsNet_0EF581CAAE964DA9424B5E622B3B144F_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredFinanceCostsNet_0EF581CAAE964DA9424B5E622B3B144F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt issuance costs</link:label>
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    <link:label id="lab_us-gaap_BalanceSheetLocationAxis_C243EA00F125A14B6CD3588BE8FCEC65_verboseLabel_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationAxis_C243EA00F125A14B6CD3588BE8FCEC65" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Derivatives, Fair Value, by Balance Sheet Location</link:label>
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    <link:label id="lab_us-gaap_OtherCurrentLiabilitiesMember_025CF897FE004C16196C588BE8FC052B_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCurrentLiabilitiesMember_025CF897FE004C16196C588BE8FC052B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Current Liabilities</link:label>
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    <link:label id="lab_us-gaap_InterestRateSwapMember_7E955CEB794B26B679C2588BE8FDB4B3_terseLabel_en-US" xlink:label="lab_us-gaap_InterestRateSwapMember_7E955CEB794B26B679C2588BE8FDB4B3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate Swap Contract</link:label>
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