Good points. Ratan Tata, s/o JRD Tata is a tough nut and very much in control. All the Tata's work off of a long term vision - much like the chinese do. They don't mind short term losses for long term gains ... in this case BIG gains. If you can just imagine a new brand emerging for the commons running Jaguar technology (made cheap by the smart brains at TCS and likes) on time tested Tata engines, I don't see any competetion in the horizon. We are talking 2-3 years down the road though. Until then it's rough time for all car makers anyways until they all start churning hybrids and alternate energy models.
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