Good useful comparison done above by @usmanpakistan. I can see that much of the objection shown while comparing these two cars is that they do not fall in the same category, there are many perceptions about vague description used to define categories here, so let us take some reference.
As per this, a civic falls in compact car / small family car / C-segment medium cars category
while V2 would fall in sub compact car / light car / super mini / B-segment small cars category. The categories even been defined to such small levels i.e. civic not even making it to the mid-sized cars category could not define a different one for the city, i.e. an offering for the low income markets like ours. You have to fix it somewhere and it would move more towards the lower category (thanks to having even lower features to the cars in the lower category) as its as wide as the hatches with only a small boot at its back.
So, the disgust shown at the comparison does not hold much weight, for the argument "this is all we have in this country", look around and see the things moving on our roads, if we do not have a formula one track here, we cannot deduce that reving mehrans on murree road should be called a F1 competition.
Comparing the city to the V2 holds much weight, with V2 winning in many areas.