Deepal is a Changan product so Master Changan is launching it.
S07 is a CBU. Very less products gets successful in CBU form due to high pricing no matter how good they are. Also 1.5+ crore segment have very less number of buyers. Current variant of S07 is EV only.
So what's different now? A CKD is coming so we can expect good pricing specially due to rising competition in PHEV and EREV segment. Second, it will be an EREV unlike EV where people are hesitant to buy due to slow growing charging infrastructure.
I think it can give tough competition if it's priced right hence I suggested to wait and see what everyone launches (Sazgar, CSM, Master).