What do we have here? Small upgrades on a small car but big news for car enthusiasts. A BMW M2 Competition has been rumoured for some time now, and the upgraded M2 has now leaked online via BMW Australia, captured by CarAdvice, which tips the car’s launch to be in Beijing later this month.

There’s a more powerful engine to match the baby M’s extra sporting cues, which only fans might notice at a glance. Let’s start with the looks – the most obvious Competition cue is on the front lip, which gets three additional vents (for better aero?), and black frames for the kidney grille.

On the flanks are M4-style wing mirrors (standard BMW items on the regular M2) and multi-spoke rims in a never seen before design.

The sole interior pic here shows that BMW has addressed one downside of the F87 M2. The standard car comes with rather uninspiring normal BMW seats, replaced by M4-style front chairs here with M2 logo inserts. We also see carbon trim on the centre tunnel.

It’s not just more show though, as the M2 Competition packs more horses and torque from a new engine. The motor in question is the 3.0 litre twin-turbo S55 from the M3 and M4, slightly detuned here to make 405 hp and 550 Nm of torque. In the regular M2 sits the single-turbo N55B30T0, which is a regular series 3.0 litre BMW engine upgraded with components and features from the M3/M4 motor. It makes 370 hp and 465 Nm (500 Nm on overboost), so the Competition gets a substantial jump.

Doing transmission duties is a seven-speed dual-clutch auto gearbox – no word yet of a manual, which can be had with the standard M2. 0-100 km/h is quoted at 4.2 seconds, a tenth quicker than the M DCT-equipped M2. Just a tenth? Big brother M4 does the sprint in 4.1 seconds, so there’s no way the cheaper car will be allowed to upstage it.