The Alvis Three Litre TC21 (1953–1955) was an updated TA21, sharing the 2,993 cc seven-main-bearing straight-six OHV engine but with twin SU carburettors, an improved cylinder head and more efficient manifolding raising output to 93 bhp at 4,000 rpm.
The high-performance TC21/100 "Grey Lady", announced 20 October 1953, raised compression from 7.1:1 to 8.0:1 with an improved exhaust and a higher 3.77:1 final drive (versus 4.09:1) to guarantee 100 mph: rated 100 bhp at 4,000 rpm, 163 lb-ft at 2,000 rpm; 0–60 mph 15.4 s; 100.1 mph top speed (The Motor, 1954); kerb weight approximately 1,435 kg. Independent front suspension by coil springs, leaf-sprung rear, 11-inch Lockheed drum brakes retained from the TA21. Saloon bodies by Mulliners of Birmingham; drophead coupés by Tickford. The Grey Lady name came from the sales manager on seeing the grey-on-grey 1953 Earls Court show car; road cars were identifiable by two bonnet air scoops.
TC21 total production 757 (1953–1955), of which 452 were Mulliner TC21/100 saloons. Development involved Alec Issigonis, then at Alvis. The line was effectively the last Alvis to sell in quantity; the abandonment of the Issigonis-designed V8 saloon in 1955 sealed the company's fate as a volume car maker. Test price £1,821 (1954).
A refined, genuinely 100-mph British saloon in small numbers, undervalued against Bentley and Jaguar contemporaries.