Not just rumors, the bike is ready and ready to be launched by March 2010.
The expected specifications of the bike are:
Engine Capacity: 149.7cc
Engine Type : 4 Stroke, Air Cooled, 4-Valves - single cylinder
Output Power : 15.1 bhp @8500rpm
Engine Torque: 13.5 nm @5500rpm
Top Speed : 125kmph
It seems clip-on handle bars and thicker forks will also be a part of the features to be implemented.
But only thing Bajaj misses with this bike is mileage. it seems it is lesser than the previous version even though "Swirled Induction" Mechanism was implemented in this model.
Bajaj is going to do it again and revamp the market and going to take its position back in 150cc segment.
Cheers!!!