Mazda 2-
Good
-Good Road Holding
-Powerful acceleration for 1.5L with paddle shifters & 6 speed gearbox
-Nice suspension setup and does not transmit shocks to cabin vs Honda City
-Premium Feel with soft touch materials
-Not bad Leather Seats & gear level leather wrap
-Reverse camera with HUD
-Comes with MZD infotainment system which really the class leading
-Acceptable NVH
-Door shuts with solid thud
-Auto Lock when engine is turn off and the moment you walk away from the car


Bad
-2 Airbags only
-Halogen Headlamps
-Lack of interior storage
-Rear seats are not supportive and cramp
-No rear Aircond
-Sedan body proportional looks weird vs Honda City.

Honda City
Good
-Good design car over Mazda 2 sedan (in terms of the rear overhang)
-Safety with 6 airbags & ESP
-Fuel Efficiency
-Large interior cabin and rear legroom
-Fairly good infotainment system with touch screen (V Grade only)
-Cruise Control
-Slight soft touch on dashboard

Bad
-Fabric seats
-No reverse camera
-Fairly acceptable built quality (Previous City feels better in terms of touch and feel)
-Harsh ride and suspension not really good at soaking up bumps on the roads.
-So-so ride & handling
-CVT
-Fog Lamp only for V spec ( should be standardize like VIOS)


Verdict:

Mazda 2: If you in love with road holding and stands out the road

Honda City:If you concern of safety but prefer proven brand track record