@ Harsh Arora
This is a very interesting and exciting discussion. But deeper, we will go, more confusing it will become unless one is a rocket ... In a complex machine like modern car with so many interacting components, simple rule of Physics become very complex. To a large extent, discussion provided in the link of Harish is fair. Here is my two cents worth of automatic confusion.
Gear Ratio plays very crucial role, in whole scheme of things in an automobile and is hidden under the garb of gear box. Engine output power is not directly fed to front wheels but through gear box, which acts like a mechanical engine output power magnifier (just like Amplifier in your stereo or hydraulic system of your car brakes). To move a standing car you need lot of torque and first gear magnifies the engine output torque. Remember, Fist gear has the highest gear- ratio and fifth gear has the lowest gear-ratio and you may find # in your car's manual. You can see why low-end torque (torque @ lower rpm) is so important. But gear box as such has no power or torque. So, one time you drove 200 Km @3,000 rpm and other time you drove 100 km @4,000 rpm, When did you get better FE? Car enthusiats and FE can never live together happily - just like ride and handeling.
For simplicity, take an example. Say car-1 generates torque of 100n-m@1,000 rpm and car-2 generates torque of 150n-m@5,000 rpm. You guessed it right, car-1 will accelerate faster initially, if all other parameters are same, like weight etc. This also proves, why power-to-weight ratio may not give the complete picture of car dynamics. This is why Hyundai i20 (1.2L) will accelerate faster than Honda Jazz (1.2 L), though power-to-weight ratio of Jazz is higher. Though I tried to make everything vary simple to have basic understanding and I hope all of you got it
. In real cars, everything is so damn complex and we may end-up in endless argument and hair splitting. So what is the solution, drive it and feel it or measure it.
Another example, Hyundai i10 Kappa has same eninge as Hyundai i20 (1.2L) but i20 is heavier by about 150 Kg. to i10. So people conclude that, obviously, i10 will accelrate faster than i20. Wait a minute, not so fast. Does it mean, if I add two average person in i10 rear seat then i10 and i20 will accelearte at the same rate. What will you say? 