before tax change the Viva Elite and Panda both were in same price range. But Viva Elite got few extra features. Therefore Elite would be best choice. Pandas better quality over Elite is ABS+EBD in standard model and safety rating. Elite ground clearance 14.5cm with body kit. Panda 12cm and 9cm when loaded. But Panda (1.2L, 84HP) more powerful than Elte(1L, around 60HP if i remember correct). Therefore Elite is more fuel efficient (around 12km/l) than Panda (8km/l). Also Panda parts are still rare and customer service not good (red on a blog or a forum about Panda Sri Lanka. you will get more info if you google about it). Elite most parts are made by Denso Company and Toyota parts as per Unimo. Panda looks better than Elite. Panda more cheaper than Elite.
Final decision is yours...
I went for the Elite and still waiting for it for nearly 2 months.
Panda: http://www.youtube.c...y+panda+lc&aq=f
Elite: http://www.youtube.c...viva+elite&aq=f
PS: I think White is better than Black. Both looks grate with chrome body parts. White reflects the light and Black absorbs the light. Therefore inner temperature may less in White than Black when you not using AC (eg: when parking). Scratches, dents are more visible in Black. Also dust and mud marks less visible in White....