Some thoughts... and these are just my opinions.
I'm not a Baja guy, but the swoosh would likely connect with anyone with knowledge of the brand- not a bad thing.
About the type- Mistral is a bit dated, and although I have always liked the typeface, it literally shouts early 90's to me. I admit that am a bit more opinionated about this than most. For logos, bold and READABLE is the rule of the day, and for type- something not 'off the shelf' makes your mark a bit more unique. My initial suggestion would be to can the lower case 'i' and the duplication of the name, and incorporate the word 'Innovations' into the XT graphic. (see attached-- change colors and add swash to suit your tastes.)
I would stay away from yelo as a primary color. It has very little optical weight and from a distance will completely disappear on a white background (such as a boat).
Ok, that was probably more than you were asking for. These are just my opinions, and art is a subjective thing.
Best of luck with your venture.