Of all the MNCs that entered the Indian car market in the last 20 years, only Hyundai has cracked it. But it is still a long way away from catching up with Maruti.
The trouble is that debt has kept pace with growth. The combined debt
of the group's three listed companies - Jaiprakash Associates,
Jaiprakash Power Ventures, and Jaypee Infratech - crossed Rs 57...
Not too long ago, Tata Motors vied with Hyundai India for the position
of number two to Maruti Suzuki. For some time, its position has been in
free fall.
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