IPO reports: Is Hyundai testing the waters?

A Reuters news report says that South Korean car maker Hyundai is looking to launch a $3 billion IPO for its India unit as early as November this year, which, if true, would be India's largest ever initial public offering. Forbes India's Manu Balachandran joins us to talk about the news, as well as Hyundai's long legacy in India, what is in its pipeline and the competition it faces