It has tank extensions too, and maybe a smaller rear tyre... It doesn't look like a 150 section from the pics.
My "screw dreams & go practical" guess is that this is the P200 which will be using the same engine and probably the same frame, as on KTM Duke 200 with slight difference probably.
Drum brakes, smaller tyres, etc. might help in saving cost which will help its final price...





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