Caught testing in India...
This car is believed to be the next gen Honda City.



source: http://team-bhp.com

Front looks a bit like the Honda Airwave (5-seater station wagon/MPV based on the outgoing Jazz/Fit)


It looks like Honda is going the Yaris hatch - Vios sedan route by giving the sedan version of the Fit/Jazz its own sleeker body to avoid the awkward looks of the current Honda City (looks like an MPV with a huge sedan trunk grafted on).

I'll post updates/details when I find any...