"The first of our Ingenium engine range will be used in our all-new mid-sized Jaguar sports sedan. That car will be called the Jaguar XE, and it will be unveiled in production form later this year," Jaguar Land Rover (JLR) Chief Executive Officer Ralf Speth said in a statement.
Tata Motors -owned Jaguar Land Rover plans to launch a new mid-sized sports sedan, Jaguar XE, next year across global markets. The sedan, whose global roll out will begin in 2015, will be the first user of the 'Ingenium' engines in four-cylinder two-litre petrol and diesel variants.
"The first of our Ingenium engine range will be used in our all-new mid-sized Jaguar sports sedan. That car will be called the Jaguar XE, and it will be unveiled in production form later this year," Jaguar Land Rover (JLR) Chief Executive Officer Ralf Speth said in a statement. The XE will be the first product from the new advanced aluminium architecture which was showcased in the C-X17 concept car in 2013, he added.
Also Read: JLR to invest 100 mn pounds in Saudi Arabia for new plant
"Its (Jaguar XE) global rollout will begin in 2015, and it will be the first aluminium monocoque vehicle in the segment," Speth said. The new sedan brings to customers all benefits of aluminium: lightness and stiffness for unbeatable handling, performance, refinement and efficiency, he added.
The name of the Jaguar XE follows a logical progression, positioned alongside the XF and XJ saloons in the range, the company said. In 2008, the Jaguar Land Rover company was established when Tata Motors acquired Jaguar and Land Rover businesses from Ford.
Tata Motors stock price
On February 24, 2014, Tata Motors closed at Rs 396.60, up Rs 0.65, or 0.16 percent. The 52-week high of the share was Rs 405.00 and the 52-week low was Rs 252.10.
The company's trailing 12-month (TTM) EPS was at Rs 2.61 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 151.95. The latest book value of the company is Rs 59.47 per share. At current value, the price-to-book value of the company is 6.67.
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