To be honest, the drive is not that bad. The cabin is silent. The engine generates very little noise. Road visibility is excellent. Handling is good. The car shoots off on the slightest of acceleration. Drove it up to 120, and it was stable as anything. Could've gone up to the 150-160 mark easily. Suspension isn't that soft as some members were claiming it to be, but its not that bad either. The only negative thing about the car is that the gear is situated pretty low. Im 6" 1' tall, and i find changing gears a little tedious. But im sure i'll get used to it soon.
On a serious note, i will prefer driving my 1996 Corolla over Wagon R. Nothing beats its drive. Not even the newer models of Corolla. Ghar mai newer model Corolla bhi kharri hain, magar Indus Corolla wali baat nahi unmay.
In short, its drive is better than the local PKDM cars of the same category. Magar ismay wo baat nahi jo barri gaariyon mai hoti hai. Not that im complaining. Its a perfect family vehicle under 1mil rupees. Strongly recommended.