Jaguar plans to introduce 200 mile-an-hour hybrid car

LONDON, May 6 (Bloomberg): Jaguar Land Rover, the luxury-car unit of India's Tata Motors Ltd. (TTMT), said it will begin production of the C-X75, an electric supercar priced from 700,000 pounds ($1.2 million) and able to reach 60 miles per hour in three seconds. "The C-X75 is absolutely at the forefront of technology, it's as good as you can get right now," Tata Chief Executive Officer Carl-Peter Forster said today at a press conference in London. "For me it's also proof that the automobile is not the technology of the last century. It has a future." The hybrid model, which combines two electric motors with a gasoline engine, will have a top speed higher than 200 mph and a range of more than 50 kilometers (31 miles) using only electric power, U.K.-based Jaguar Land Rover said today in a statement. Jaguar follows Bayerische Motoren Werke AG (BMW), Volkswagen AG (VOW)'s Audi and Porsche SE in announcing plans for electric-powered supercars. Sports car-makers are developing vehicles using alternative forms of energy to lower their overall carbon footprints as governments press them to adopt green technology.