Will the world's cheapest car be a hit?

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Priced at $2500 for the basic model "Nano" launched by Tata Motors is the worlds cheapest car.But what can you get for that price is the question.I think it might suit the Indian people who instead of going for two wheelers might go for this car. But worldwide does it get a good response? How about you mylotters? would you like to go for a car which has limited specifications eventhough it might be cheap?