It's been some time since we applied the toecaps to India's prospects.
So, rather fortuitously, up pops this piece from the Business Standard, which should cause a frisson of discomfiture amongst the denizens of various boardrooms in Stuttgart, Gothenburg, Munich and Warrenville.
We won't go into the numbers, but things do look to be a bit shaky, and, given that inflation within the Indian economy is now at a 13 year high - at 12.01 per cent - we have to assume that the RBI - which has shown itself to be quite ready to put the thumbscrews on in the past - isn't likely to shy away from some nasty fiscal manoeuvring in the not too distant. For those OEMs who might be seen to be both over-exposed to and over-invested in India - and who could be accused of having paid well over the odds for the privilege - hello Volvo - this could prove to be rather tiresome.