So it is out Small Car race. Their demand is doing to be there for a while in countries like India, China and Africa too. Another player Hyundai is all set to go into the race.

Hyundai Motor India (HMIL), the OEM is planning to build a small car at its Chennai plant that will be priced locally at the equivalent of US$3,500. Hyundai's current cheapest model, the Santro, is priced at Rs2.6 lakh (US$6,503).
 
It is not decided that what will be its specification but surely it will roll out from Chennai plant from India.

Car is not yet decided .. this is what company says.
But they are working on some small car.