Jaguar boss Adrian Hallmark has described the return of the brand to racing as "obligatory but not imminent”.
Speaking at the New York motor show Hallmark also confirmed that any race activity would focus on the new Jaguar F-Type.
"Our ambitions at the moment focus on volume growth, and going racing wouldn't impact on that in the type of way that makes it something we must do in the next three to five years," said Hallmark.
"But, for all that, Jaguar should be racing, just as it should have a sports car at the heart of its range. It will happen, and it will be authentic in that it will be with an existing product rather than a prototype or single-seater, but the actual date for it remains some way off."
