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A McKinsey report analyzes the mixed performance of multinationals in IndiaKuldeep Jain, Nigel Manson and Shirish Sankhe look at why several globally successful multinational firms are not so successful in their Indian operations. They attribute it to a mix of several factors: market entry strategies, lack of understanding of local consumers & business conditions, niche high-end market segment, having expatriate Indians heading operations, overdependence on JVs among others. Some of the success stories are those of Hyundai's Santro, LG's TV sets and HLL's Wheel. Rambled @ 8:29 PM
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