Its competing with the RC250, Ninja 250 and R25. Not the 300s. The 300 variant will arrive later on.
Don't know why Overdrive asks Guleria the obvious question of if a 250cc market model will arrive in India or not. Its like asking Bajaj if they can sell the Duke/RC 125 and Duke/RC 250 in India. The answer is an obvious no.

This guy who was present at the launch says the bike makes more power than both the 36ps R25 and the 32ps Ninja 250 FI(their version of Ninja 300) so the International magazines are guessing it to be around 38ps:
Again, this bike is only selling in 3 countries I know of, Indonesia, Japan and Turkey where 250cc limits apply.
Edit: Here's a ram-air system, at first I thought it was a marketing gimmick but there are functional vents behind the fairing:












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