Well, ya know Rich, not ALL Indians have to have those voluptuous valance fenders.

Read the link and you'll see that this Indian was a pre-production Polaris test mule, and the guy who got possession of it and had it bobbed did so because he was going to(and did) run it in this year's Cannonball Run which goes off-road for some of its route.
(...yep, I think it's a great lookin' modern rendition of a post-WWII Indian Bobber)