Jaguar has revealed a high-performance version of the XE saloon, the SV Project 8, costing £149,995.

Built by Jaguar Land Rover’s Special Vehicle Operations, the Project 8 can crack 200MPH and accelerate from 0-60MPH in 3.3 seconds.

It’s a far cry from the standard 2.0-litre diesel XE, which can return up to 75mpg with emissions from 99g/km.

We don’t have the full specs for the new flagship model, but we expect its 600PS 5.0-litre supercharged V8 is considerably less frugal.

Only 300 Project 8’s will be made. Modifications over the standard XE include: carbon fibre bumpers with enhanced cooling ducts, vented carbon fibre bonnet, flared bodywork covering 20-inch forged aluminium alloy wheels, adjustable front splitter, flat underbody, rear Diffuser and adjustable rear aerodynamic wing.

Project 8 is also the first Jaguar to feature a dedicated Track Mode, which tailors driveline and stability control systems for circuit use, and sharpens both throttle and steering responses for ultimate precision and driver feedback.

The Jaguar XE SV Project 8 will make its world debut at Goodwood Festival of Speed in West Sussex, UK, which runs from June 29 June to July 2.