Formula One team McLaren has released McLaren MP4-12C supercar, which is scheduled to go on sale worldwide in early 2011.

The much anticipated car, which follows the McLaren F1 supercar that was launched roughly 17 years ago, will cost around £150,000.

McLaren MP4-12C is built around a carbon Monocell, which is one piece carbon fiber structure that forms the vehicle's basic chassis.

The vehicle gets power from 3.8 liter, V8, twin-turbo engine with 600bhp.

The engine drives the rear wheels through two wet clutches and a seven-speed seamless shift dual-clutch gearbox.

McLaren claimed, "12C is the most efficient, most drivable high-performance sports car in the world".

The McLaren MP4-12C will have to compete with Aston Martin DB9, Ferrari 458, Porsche 911 Turbo as well as Bentley Continental GT.