I think that is a bit harsh HyundaiSmoke, no order of importance:
1) the nano will have the reliability of Hyundai and i am sure also will achieve at least 5 stars in crash testing
2) it will be cost effective to buy and own, this cost efficiency will be at least the same as Hyundai and i fully expect it to be greater, not sure what the i10 sells for?
3) TATA own Jag and thus we are helping out are fellow countrymen and women; this is not a Jag (true) but in a way it helps Jag and that has to be good.
4) India is in the common wealth and so we are helping out are Indian brothers and sisters in the process - which is all good.
so if you are saying that we can have a car that matchs Hyundai on all the most relevant aspects and to add into the equation it looks better! we are onto a winner!!
if Hyundai cannot compete as TATA have matched them on all other aspects and beaten them on cost/cost of ownership and looks; well Hyundai have to start producing cheaper cars and or ones that look better.
I think if they sell this car with customisation options and it handles half way right, i think it could well be the true new "old" mini! i just hope they allow/plan customisation options.