Carmakers Are Hitting The Wall In Indonesia

Only a lucky few may be left standing when the crisis is over

It's been a lifelong dream, and M. Sinivasan is determined not to let Indonesia's deepening economic crisis shatter it. Ever since he started making fabrics with a single hand loom in a storefront 35 years ago, Sinivasan has methodically built his Texmaco Group into an industrial power that makes everything from machine tools to auto parts. The crowning moment comes in September, when Texmaco plans to roll out its first truck, the 7.5-ton Perkasa. "The best time to hit is when the morale of our competitors is weak," declares operations director H.N. Subba Rao.

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