Jaguar, a subsidiary of Tata Motors Limited (NYSE: TTM), is planning to re-enter the compact segment.
Jaguar global brand director, Adrian Hallmark, stated that the new model is to be positioned below the mid-size XF sedan, and compete in the USD40,000 to USD50,000 price bracket.
According to certain sources, such a car will ride on a shrunken version of Jaguar and Land Rover’s rear- and all-wheel-drive Premium Lightweight Architecture that underpins models including the Jaguar XJ and Range Rover.
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