Though you might already consider Land Rover's venerable Range Rover SUV luxurious, exclusive, and plenty expensive, a report from Autocar suggests the British automaker is preparing an even more premium version of the go-anywhere luxury ute to take on future SUV models from Bentley and Lamborghini.

Land Rover already caters to the 1% with its range-topping Range Rover SUV. Now, it sounds that it may be looking to appeal to the 1% of the 1% with a new, more expensive, more luxurious, and more exclusive

We Hear: Land Rover Planning Ultra Lux Range Rover to Fight Bentley, Lamborghini imageAfter rolling out the limited-edition Range Rover Autobiography Ultimate Edition, Land Rover brass feel that there is demand for an even more expensive model. "The Ultimate Edition shows there's an opportunity to go up a notch in price," brand director John Edwards told Autocar. "We tested the market for a reason. We always learn for future models."

The fourth-generation Range Rover is due by 2014 -- the current model is already 10 years old -- and it is expected that the flagship Range Rover model could move further upmarket to make room for other Range Rover-branded models, like the Range Rover Sport and Range Rover Evoque. Whatever ultra-lux model does appear, expect it to leapfrog the Autobiography Ultimate's price tag of $170,000.

It comes as little surprise that Land Rover may be prepping an ueber-premium Range Rover, as the high-end luxury SUV market is about to get more crowded and we're sure the legendary automaker wants to hold its ground. Bentley showed off the EXP 9 F Concept SUV at the Geneva Motor Show last month; despite many claims of brand dilution and poor styling, it shows that Bentley is serious about adding a crossover as its third model line. We have repeatedly reported on rumors circling about a Lamborghini SUV (heresy as it may be) to be shown at the Beijing show next month. And, although the plan was scuttled, Aston Martin even toyed with reviving its Lagonda brand with an ungainly crossover based on the Mercedes-Benz GL-Class.

Says Land Rover's Edwards: "Bentley and Lamborghini are entering the market and it's exciting. We welcome them and are confident we can compete."

Source: Autocar