Rode the first Kruze on Pune roads today; a friend purchased it from Surender Cycles. On road price 19K with usual accessory (bottle cage, saddle bag, lock) bundle and a pedal swap (to a wider Trek 4300 pedals from the not so nice alloy pedals).
Before the purchase I test rode it pretty hard till Deccan with some high load gear shifting, sprinting, weaving through some heavy city traffic etc. After the purchase rode 12k from the shop to my friend's home. So it is fair to say that I test rode it.
First Impressions :
1. Shifting : Better than expected.
2. Construction : Better than expected.
3. Components : Acceptable
4. Wheels : Just about acceptable. some 6100 Alloy
5. Drop bar riding : Very thin bar, Need double wrapping to feel anything like comfort.
6. Brakes: Virtually non existent and crappy; But can be fixed by moving to a better shoe.
7. Paint Job : acceptable
8. Weight : Reasonable, almost save as a Bianchi Alu (Via Nirone C2C I believe) that I compared.
9. Fit (Comes in a single size M): Should work for average Indian Male (5'7" - 5'10")
10. Paint Job : Good
11. Saddle: Okay saddle.
Pros: Rides great, VFM, Smooth shifting, nice acceleration, QR for all important components.
Cons: Uncomfortably thin drops, Extremely short seat post, Ugly bartape, Heavy wheels.
It comes with a 53/39 Crank and an 8Sp cassette. I am not sure whether it is a pro or con

I do not think the bike is a bargain at 19K. It is just about VFM and a better entry level roadbike than the options available currently.