Luxury car maker Jaguar, owned by Tata Motors, ready to launch new sports saloon

Automobile manufacturer Tata Motors' luxury sports car brand Jaguar will unveil its XE S derivative vehicle next month, a company statement said Wednesday.

Jaguar said the full XE range will be revealed at the Paris Motor Show press conference on Oct 2.

Jaguar has described the XE as "a true driver's car, one that redefines the concept of the mid-size sports saloon". The XE will be Jaguar's smallest model and with it the company will widen its presence in the market and potentially increasing its already healthy profits.

Designed, engineered and manufactured in Britain, the XE, according to Jaguar, "will bring levels of innovation never seen before in this segment - with its lightweight construction expertise and sophisticated chassis technology in addition to the new family of Ingenium engines".

It claimed: "The XE combines thrilling performance, agile handling and precise, responsive steering, with outstanding levels of refinement and fuel efficiency."

Insiders in the car industry in Britain have also spotted another Jaguar prototype - belonging to its flagship XJ model - undergoing final tests.

The top-selling sedan has been in the fray in its current version since it was presented in 2009. A facelift to entice customers is now anticipated.