Tata Motors owned Jaguar Land Rover(JLR) has announced the official launch of Jaguar XE here.
"The Jaguar XE is a vehicle at the very heart of the UK's manufacturing renaissance. It combines pre-eminent British design with British engineering in a special car for customers around the world," Ralf Speth, JLR CEO, told reporters at a briefing on the new model.
"This premium mid-sized sports sedan is the outstanding realisation of two new factories, 2,300 new jobs and around ?2 billion of investment in the UK," he added.
The new compact executive saloon is all set to hit the European market early 2015, with the US later in the year and will eventually be available in India and other emerging markets.
"The XE comes with a very exciting driving experience and is intended for the global market. We hope to deliver in China, India and other emerging after its US launch later next year," Speth said.
The aluminium-intensive mid-size premium sports sedan is the first model developed from JLR's new modular vehicle architecture.
The XE will be the first model to get the high tech "Ingeniu engine" - a family of ultra-low-emission, four-cylinder petrol and diesel engines - from the company's Engine Manufacturing Centre.
The company said the facility in Wolverhampton brings JLR engine supply back to its production heartland with a total investment of $500 million and the creation of 1,400 skilled jobs, of which 600 have already been recruited.
This new advanced engine family has been described as highly flexible, scalable and modular and will be used in future Jaguar and Land Rover products.