Designed by Lotus Cars Australia, the special edition Exige Sport 240 will make its debut at the Sydney Motor Show in October where it will go on sale.

With power improved to 179 kW, this will also mark the first production car in Australia fitted with driver adjustable stand-alone traction control, similar to the systems currently used in Formula 1.

"Designed specifically for Australia, we are excited and proud to add this bespoke Exige to our existing range." said Jonathan Stretton, Sales and Marketing Manager of Lotus Cars Australia. "Cars like the Exige Sport 240 show our passion and commitment to the Australian market."

"The Exige Sport 240 is a car entirely comfortable on the road for everyday use. Take it to the track and it will be blisteringly quick and will outpace cars two or three times the price," Stretton added.

Tuned with more power, bigger brakes, body mods, two bespoke colours, interior changes and limited edition badging, the Exige Sport 240 will be the most exclusive Exige to hit Australian Lotus showrooms.

Just six of the Exige Sport 240 will be initially available in launch colours of Blaze Orange or Sapphire Black, each with a special edition interior plaque.

The Blaze Orange model will feature black highlights, including front splitter, rear wing endplates, wheels and a rear beaver panel infill around the rear lights.

The Sapphire Black model will feature a Chrome Orange front splitter and rear wing endplates.

Both models will feature lightweight Lotus Sport forged five-spoke OZ alloy wheels. The Blaze Orange car has wheels finished in black with the Sapphire Black using silver. This is the first time this wheel design has featured on an Australian model.

Also for the first time in Australia, the signature Exige roof scoop will extend forward from the engine compartment to the top of the windscreen to supply an increased volume of air to the intercooler, whilst also giving the car more visual presence.

Special Exige Sport 240 badging will mark the exclusive model's exterior.

As the name suggests, power output is 240 hp, or 179 kW, a 10 percent improvement over the Exige S. Torque also increases from 215 Nm to 230 Nm. Upgraded fuel injectors and a new ECU allow the supercharged engine to reach greater heights.

The engine is a 1.8-litre supercharged intercooled four-cylinder. Features include twin-overhead camshafts, 16 valves and VVTL-i variable cam timing and lift, along with a distinct, characteristic supercharger whine.

A six-speed close-ratio C64 gearbox is standard and has been upgraded with a heavy duty clutch kit including a strengthened clutch and pressure plate.

Putting this extra power to the ground will be assured through mechanical and electronic traction aids. A torque-sensing limited-slip differential is standard on the Exige Sport 240, the first time it has been offered as factory equipment on a Lotus in Australia.

The Sport 240 will also be fitted with Lotus Sport adjustable traction control. Developed from the Lotus Sport UK GT3 motor sport programme, the advanced electronic system utilises a driver-adjustable control knob to dial-in one of 18 preset levels of traction control intervention. This allows for the ultimate in driver control in any road condition, wet or dry.

This system also utilises electronic launch-control where the driver can dial in the desired revs, floor the throttle and it will hold at the determined point until the clutch is released for perfect starts every time.

Performance figures are equally impressive with 0-100 km/h in 4.2 seconds, 0-160 km/h in 9.9 seconds and an estimated on-track top speed of 249 km/h.

Lotus is already known for its outstanding stopping power and the Exige Sport 240 is even more effective with AP four-piston callipers on the front with 308 mm two-piece front vented discs and braided hoses. On the rear, new Brembo single-piston callipers work on 288 mm rotors. Pagid brake pads are fitted all around.

The suspension uses one-way adjustable dampers with adjustable ride height and an adjustable front sway bar to suit those wanting to tune the car to their own driving style.

Maintaining its track focus, the Sport 240 is fitted with grippy R compound Yokohama A048 LTS tyres, 195/50x16 front, 225/45x17 rear. It also benefits from a BS4 T45 steel roll-over hoop and struts.

The Exige Sport 240's interior hasn't been forgotten and includes the elements of a Touring Plus pack. With this comes air-conditioning and sound insulation amongst other enhancements throughout the cabin. Exige Sport 240 sports seats (finished in black leather) with a harness bar complement the purposeful nature of the car. The seats display an orange Exige logo and, along with the door trims and centre console, also have orange stitching. The black floor mats also feature an orange Exige logo.

Even the air-conditioning system is designed for performance. Weighing just 15 kg for the entire system, the air-con uses an advanced clutch that automatically turns the compressor off when it senses full throttle to preserve maximum performance.

The special edition Lotus Exige Sport 240 is priced at $149,990 plus dealer delivery and statutory government charges. It will debut and go on sale at the Sydney Motor Show, from 11th October, 2007.