British sports car maker McLaren is geared towards its next big launch in a week’s time when it unveils its first supercar, the McLaren P1. The McLaren P1, touted to reach speeds of over 200mph, is set to be the “ultimate supercar” and probably one of the most expensive ones with a price tag of £800,000.

The automobile beauty will be revealed at next week’s Paris Motor Show 2012 and although the exhibit P1 is a design study, McLaren is confident of a production version that will be available next year with the supercars rolling out to the market in 2014.

The P1 boasts an acceleration of 0-62mph in three seconds and aims to become the world’s best “driver’s car” in regular production whether on road or on a track.

Automobile supremacy is not unfamiliar to the team at McLaren who built the world’s fastest car two decades ago, the McLaren F1, and have since reigned supreme with Grand Prix championships over the years. The McLaren F1 held the title of ‘fastest production car’ with top speeds of 240mph for 13 years until it was overtaken by the 254mph Bugatti 16.4 Veyron.

The McLaren P1 is following in its predecessor’s footsteps with reports suggesting that it has already smashed the best lap time for road-legal cars at the Silverstone circuit ahead of its Paris debut.

McLaren Automotive Executive Chairman Ron Dennis said: “The McLaren P1 will be the result of 50 years of racing and road car heritage. Twenty years ago we raised the supercar performance bar with the McLaren F1 and our goal with the McLaren P1 is to redefine it once again.”

Managing Director Antony Sheriff said: “Our aim is not necessarily to be the fastest in absolute top speed but to be the quickest and most rewarding series production road car on a circuit.”

The McLaren P1 will be unveiled to an international audience in Paris later this month.