Given the rising oil prices,the Nano could even play the role of the people's car in developed markets like UK even with its high fuel efficiency and lower emissions.Already people are seeing the benefit of smaller cars and it should not be difficult for Tata to tweak the Nano a bit to match the expectations of consumers in the developed markets.
Please do go through the video,you can see inspite of its tall boy design the Nano does a pretty good job at cornering.
Heres the Link:
Tata Nano in Action
This is pretty much the first video I can remember which features the Tata Nano in action and it a pity no Indian television channel thought on the lines of BBC.