The XUV500 is far more spacious and comfortable compared to Toyota Innova. That being said, the Innova is an MUV whereas the XUV500 is an SUV. The XUV500 has an upper hand in power and performance levels as well and also comes with a 6-speed gearbox compared to the 5-speed transmission on the Innova. Another feature the Innova lacks is a 4WD which the XUV500 has. However the Innova beats the XUV500 in ride and comfort quality.
The XUV500 also has more features and options than the Innova. It comes with GPS navigation, touch screen display, 8 way adjustable driver seats, dual automatic AC, ABS with EBD, six airbags among others which the Innova lacks.