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OK, here is a 'Factual' info update. Believe it or not, i am connected to this project
No the race bike will not have the trelis frame, the trelis framed bike was a 'Mock up' show bike for an internal presentation to Mahindra Management.
No, the engine is not a Honda, in fact it is an in house designed engine. Current dyno tests of the engine show it will surprise some established teams.
Yes, Mahindra Racing will be in moto3, this is the first year of a (currently) 3 year programme. The 125 project is the basis and establishment of the Moto3 team.
The Moto3 bike is scheduled to start track testing in September.
Mahindra management are 100% behind the sucess of this project