Thank you, for saying exactly what I was going to say!
Basically, FerryN, it is for those reasons you yourself mentioned that the Nano isn't at all seriously being considered for European sale. Its purpose is to be small, cheap and economical, and to provide in a relatively safe 4-wheeled package what the typical Indian family would need. Go read a proper review of the thing and take note of how EVERYTHING on it has a purpose. Then consider that it's a completely clean-sheet design and marvel at how they're managing to sell it at that price in the first place
And to the rest of you guys at the top of this page, what's wrong with Tata owning JLR? As far as I can tell, they're only giving Jaguar and Land Rover the money to continue operating. It's not like as if they're swallowing up the entire thing and forcing them to make cheap, basic cars specifically for the Indian market... What they've basically done is ensure that two of the most well known and biggest British institutions don't fade into the history books, and keep thousands of Brits employed, not just in the factories themselves, but also all the suppliers, dealers, mechanics and other people out there who could benefit from having Jaguars and Land Rovers on the road