Caterham has announced a new entry-level version of the Seven.

The car, priced at under £17,000, will take the firm back to its roots and will pay homage to the brand’s DNA. “Adding lightness” will form a big part of the car, which will come with a Euro-6 compliant engine.

The announcement is timely as Caterham celebrates 40 years of developing and manufacturing the Seven

The car is expected to be launched in the autumn, with first deliveries expected before the end of 2013.

Caterham Cars CEO Graham Macdonald said: “As we celebrate our 40th anniversary at Caterham, it feels good to be taking the brand right back to where it started. Colin Chapman designed the original Seven to be entirely ‘fit-for-purpose’ – a racing car for the road with the driving experience at its heart. 

“With that in mind, the new entry-level Seven will be uncomplicated, easy to run and, most important of all, an intuitive and exciting drive.”