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I'm sure that this is even some news for even Ratan Tata.
http://timesofindia.indiatimes.com/Maruti_plans_car_to_challenge_Nano/articleshow/2756911.cms
Hyundai's planning a 2 lakh car, Bajaj Nissan- Renault Lite is also gunning for a market share in this segment, and then you have Maruti announcing its rival for the Nano. One just can't ask for more!!
Maruti has denied rumours of it coming out with any car below 800cc.
See:
http://timesofindia.indiatimes.com/Business/No_plan_for_a_car_below_800cc_says_Maruti/articleshow/2759888.cms
agree there is a lot of hype with maruti's version of nano but did anyone see the ford fiesta 1.6 S coming? i think its really super..looks..performance...all A1!