The new Jaguar C-X75 which debut as a concept model at the Paris Auto Show will no longer remain a concept model. The high performance, two seat hybrid sports model impressed audiences when it was first showcased at the Paris Auto Show.
Tata Motors announced yesterday, that their subsidiary Jaguar Land Rover will soon begin production of the electric car’s road version during mid-2013. This car will be part of a strategy announced by the company during the Geneva Motor Show, of offering 40 new important products in a span of five years across both their brands.
At the end of 2010, Tata Motors had announced their plans of spending around £1bn every year for a period of five years on their Jaguar Land Rover subsidiary. This money will be spent over research and development, including capital expenditure, focused largely in UK.
A spokesperson for the JLR, Tata subsidiary said that they continue to change things all the time by investing in latest technologies and downsizing engines among others. The company had last month unveiled their new 2.2l diesel engine to be use in their XF model.
JLR currently relies on engines by Ford. They have, however not yet provided any details regarding the rumor that they are also contemplating another engine plant to be located in UK.
The CEO of JLR, Dr. Ralph Speth, announced on Friday, that their supercar model C-X75 was the rational choice for showcasing progressive design, performance inspired by motorsports as well as the wise use of latest environmental technologies. The C-X75 is to be priced in the range of £700,000 to £900,000 and features a carbon composite chassis. The car is also equipped with two powerful and impressive electric engines coupled with a 4WD, which is capable of 0-100 kph in under three seconds.
The car is capable of a speed of 50kms in an hour with just its electric engine. Only around 250 units of this model are to be built. The F1 team, Williams F1 is to be partners on this project providing their expertise where aerodynamics is concerned as well as when using carbon composites, according to the company.
This announcement of JLR comes after the launch of supercar hybrid models from its German rivals Porsche and BMW, and British company, Lotus, as these supercar models fight increased restrictions on the emissions of carbon dioxide globally.
The IHS Global Insight’s luxury auto analyst, Ian Fletcher said that this was the company’s statement of intent as well as an indication of the future ambitions of the company. This shows that the company wants to move ahead and compete with all the Porsches, Audis and BMWs of the world.