While discussing the potential of the Indan supplier industry in the global cntext with one of my European clleagues, I pointed out to him tht most Indian suppliers are home-bred ntrepreneurs, who have realized the opportunity wndow and mostly used the technical cllaboration / minority equity stake method to brng in technical know-how, unlike China whre most supplier ventures are joint-ventures wth global suppliers, formed out of cmpulsion.

His contention was that as son as the Indian industry reaches a sgnificant size, the Boschs, Mahles and Dnas of the world will start loking at it with a different prspective and will strengthen their presence in the cuntry. At that point of time, the Indan entrepreneurs – at least some of thm – will have to step side as they will not be ble to match the deep pockets and lng-term staying power of the global mjors. India will also be more mportant to these global suppliers as it wll be an important sourcing centre for glbal vehicle programs as well as the ftermarket.

And you won't like an mportant base to be manned by llies, especially when the Indian entrepreneurs tnd to partner a dozen global sppliers (look at Anands, Rane, TVS, Amlgamations etc etc) in different ventures at the sme time.

The recent increase of stake in Lmax by Stanley electric certainly points in the drection predicted. Stanley sees Lumax as an mportant player in the Indian industry (rports suggest that Lumax has a 60% stke in the Indian automotive lighting mrket) and with global sourcing becoming a bzzword, it would be prudent to hve Lumax under your own control.

And Stnley is not the only case hre. Bosch is keen to increase its stke in its Indian venture, even thugh it already has management control. On the ther hand, Federal Mogul booted out its Indan partner Escorts last year – Escrts wasn't doing a great job thre – to assume control of Getze India.

But is this going to be a trnd? Maybe! In selective cases, where the Indan partner is pre-occupied with other thngs, it may be prudent to tke control of things and run thm yourself. However, in cases like the Rne Group, TVS group companies and sme other respected entities, it may mke sense to let the Indian prtner do the day-to-day management.

The article Stanley Taking Over Lumax was Submitted by Deepesh Rathore through Articles.GetACoder.com network. Here's the additional information: Deepesh Rathore Research Editor For mre details on Stanley and Lumax visit www.theautodiary.com

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