london lord swraj pauls caparo group has formed a subsidiary that will manufacture a 1000 bhp super carby the end of this year the first of which will be marketed in indiathe super car to be named caparo t1 will come at a price tag of 150000 around rs 117 crore and has all the features of a racing car to manufacture the caparo t1 the group recently acquired automotive consultancy firm started by ben scottgeddess and graham halstead who developed the famous mclaren f1 lord paul saidthe subsidiary to manufacture caparo t1 will be headed by lord pauls son angad who is the groups ceo scottgeddess becomes the design director of the new company while halstead will be the engineering director commenting on the groups move into advanced vehicle technology angad paul said i warmly welcome this opportunity for the group to move up the value chain with this high value added propositionwe will use our vehicle technology company to add new material knowhow to our existing aluminium and steel structural capabilitieshe said the new company will provide advanced technology development materials engineering and design services to mainstream automotive motorsport and aerospace marketscoupled with its global manufacturing resource and capability caparo aims to accelerate the use of light weight materials in vehicle structures angad said the company would market the caparo t1 in the niche low volume segmentthe car will be powered by a 24 litre v8 engine which the company has branded as caparo v8 and has the capacity to deliver 480 bhp at 10500 rpm the car is developed aerodynamically and is designed to offer a unique race car performance experience that is not achieved by the current generations of sports carshe said