I really wouldn't care if elantra is C+ or D class car, if I am getting it at lesser price than NHC/ZX VTec. Alongwith size, I get tons of equipment like ABS/airbags/TCS et.al.
Coming back to performance, I wonder what is weight of Elantra. It is equally important as power of the engine. If 127BHP car is pulling 1350+kg of weight, it sure can be slower than 100bhp car pulling < 1000kg of weight.
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