Depends on if India doesnt force them to hire all their top management team with local staffs and transfer their critical tech to local players and hand ownership to THE LOCAL PLAYER.
To be fair, India now has such a large market and huge population(now the worlds largest) that its difficult for foriegn companies not to be tempted despite any inconvenience or setback. Similar to China when the country opened up and liberalised in the 90s despite requirements for foreign to transfer tech to local player, forced JV with local player being majority owners etc etc Foriegn companies still flocked to make money and got hooked. Win-Win.
China's requirement for automobile JV is 50-50, not majority local.