That could be. Is the Suzuki engine sourced from India? Notice the fineness ratio of the earlier design. It looks like the wheelbase is shortened as well.
But overall, I prefer the design elements of the VW Nils:
Especially the useable trunk over the Mustang-style bubble top on the Elios. Can you see this as a 3-wheeler? Those A-pillars look like they'd have a 5-star rating. It's even got bumpers.