So my brother's V2 arrived and here are some of the observations after driving it around a bit:
Pros:
1. Good quality compared to local assembled stuff, last time I drove a new swift I was dismayed at the pathetic quality of everything in it, from the door handle ki karak to ac compressor going khirch when engaging every time and a lot more speaking of the pathetic quality.
2. The drive is pretty good, can't ask for more in this segment
3. Front seats are really comfortable, rear ones are just ok
4. Features, loads of them. Specially the adjustable headlights is quite some fun 
5. The headlights are pretty powerful and provide such a good and clear vision that I was left quite impressed.
6. No low quality tires to replace like in most local cars, no security system to install, no fazol sound system to replace. Full package
7. The fordable warning sign to put in the road in case the car is parked at a side was a surprise, the local assemblers do not even provide a decent toolkit
8. Front and rear fog lights, good stuff. While driving inside the colony there was no need of the headlights given the visibility provided by them
9. I liked the overall paint finish, time would tell if it fades like that of local cars specially the red color
10. Nippy engine, expecting really good economy from it
Cons:
1. What I really really missed was an adjustable steering, with so many extra features in this car it would not have been asking for much right. The position of the steering it quite high, would have loved to have it much lower
2. Only one key has remote entry option, the second one is a plain key. I might be wrong here, this is what I saw when the car came and I didn't bother verifying it
3. The indicators being on the left wasn't much of a hassle for me, another ride in the house already is this way i.e. chevrolet
Overall : Really good value for money, nothing else comes close by even adding several lacs more. Dual airbags, ABS + EBD and what not. If there is no eminent need to dispose of the vehicle in years to come, this is the best bang for the buck as far as new cars are considered.