Jaguar C-X75, the hybrid supercar which was supposed to go into production next year, will not just remain a concept. Jaguar C-X75 will not be entering production. Earlier it was decided that Jaguar will be manufacturing 250 units of these futuristic supercars, with an approximate price tag of £1 million (Rs 8.7 crores) each. But now, it wont happen, declining economic conditions around the globe has been blamed for this decision from Jaguar.
It is believed that India’s Tata Motors were reportedly inspired to buy the brand Jaguar Land Rover after the sketches of C-X75 were shown. First revealed as a concept at the 2010 Paris Motor Show, Jaguar C-X75 was expected to compete with a new breed of cars, which are all in the making, McLaren P1, Ferrari F70 and Porsche 918 Spyder.
Brand Director, Adrian Hallmark, said, “By the time we got to market with this, we expected normality to have returned and even though we could carry on and could fund it, it’s not a major part of our investment. When we look at the global environment and the austerity and the difficulties being faced out there, to bring to market an £800,000-£1 million supercar just feels wrong”.
Talking about the prototypes which already exist with them, Hallmark said, “We’ll keep chassis one for ourselves and then at least two of the remaining prototypes will be sold to collectors. An auction seems the only fair way to do it.”