VW has been in India for nearly two decades.

As the German carmaker is set to enter its second decade in India, it has wagered a fateful bet by relinquishing the wheel to the JSW Group which will hold a commanding 51% stake.

Here’s a breakdown by senior journalist, Rakesh Khar, of what this historic deal can mean for both the German carmaker and the future of the Indian auto-market.

Read the full essay.
Relinquishing the Wheel: Why Volkswagen’s JSW Gamble Faces a Brutal Reality Check