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Lotus has given a price to its latest pride and joy – the new Evora 400 will start from £72,000 in the UK, €96,000 in Germany and $89,900 in the USA. Based on its home market price tag, the flagship Evora, unveiled in March at the Geneva show by Tun Dr Mahathir, costs RM404k before Malaysian taxes.

The options list includes automatic transmission at £2,000 (RM11,218), Alcantara or leather trim upgrades at £2,500 (RM14,022) and metallic paint at £900 (RM5,048). The “Black Pack”, available at £1,250 (RM7,011), provides exterior panels including the roof, sills and centre section of the three-element rear wing in gloss black and dark cabin headlining. Lightweight forged alloys can be fitted for £2,000 (RM11,218) while cruise control and yellow or black brake calipers (red is standard) are priced at £300 (RM1,683) each.

At a glance, £72,000 seems like a lot of money for an Evora, especially when a Porsche Cayman S starts from below £50k in the UK. But the 325 hp Cayman S isn’t the correct rival for the fastest road-going Lotus ever – at 400 hp and 410 Nm, the supercharged 3.5 V6 Evora 400 should go against the new and hardcore Porsche Cayman GT4, which has a 911-derived 3.8 litre flat-six (only available with a manual), 385 hp and 420 Nm. The GT4 goes for £64,451 in the UK.

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“We know that the Lotus Evora 400 can deliver the performance of a car costing significantly more and we are conscious that the pricing is highly competitive. Yet, the greatest merit which no other sports car or supercar can deliver is a peerless Lotus driving experience,” said Jean-Marc Gales, CEO of Group Lotus.

The Evora 400, which laps the Lotus test track at Hethel six seconds faster than the Evora S, does the 0-100 km/h sprint in 4.2 seconds and has a max speed of 300 km/h (Cayman GT4 4.4 sec and 295 km/h). Over two thirds of the 400 is new, including a new aluminium chassis incorporating a fresh interior, and a lightweight composite body that has been changed significantly both at the front and rear.

It also gets goodies like 370 mm composite two piece brake discs from AP Racing, a limited slip differential, auto air con and an infotainment system with satellite navigation. European deliveries will commence in August, while North American markets will receive the car as a 2016 model year in December, with China taking first deliveries in early 2016.