Hmmmm, not really, unless you don't mind spending loads on maintainance. From my experience, the car feels planted unlike the Ikon, and can negotiate bumps better than other cars in its category. Has good finish, paint jobs are hard to ruin, so a similarly maintained Ford or Maruti-Suzuki won't look as new.
The engine if my memory serves me right is a Holden engine rebadged, so you cannot really call it complete German engineering. you'd be happiest with a Honda 1.3 EXi, which performs marginally better than the Corsa. Happy hunting!
TC