So far all the TV channels have been gushing about it, but there are a couple things that struck me.
The Nano employs a CVT gearbox. I remember reading a newspaper article long back, that the Tata's are sourcing this from Kinetic. The Kinetic was famous for bringing the gearless scooter to the Indian market and thereby changing the market forever. "Gearless" essentially is a CVT.
The question is whether the Nano would do the same to the Indian car market. Unlike the US, where a "stick shift" is unusual to find, in India its the norm. The main reason being that Automatics are more expensive and give lesser mileage. But CVTs are different from Automatics, and yet provide the same basic user experience - no manual shifting.
Given the state of traffic in our cities, its logical that we all drive "gear-less" cars. Its less stressful especially for folks who drive on Hosur road and through Koramangala!
Myopic view of CVT, tata, nano