Telco to launch luxury car soon

Telco to launch luxury car soon
UNITED NEWS OF INDIA

NEW DELHI, JAN 12: TELCO today announced its foray into the luxury segment of the passenger car market with the 1900 cc `Magna,'scheduled to be rolled out over the next one year, Tata Group chairman Ratan Tata said. The car, to be available in both petrol and diesel versions, would be the flagship car of the Telco portfolio. To be priced between the Mitsubishi Lancer and the Mercedes E-class, the car would also be available in higher powered engine versions, Tata told newspersons here today.

``We are studying several variations and innovations on the car and will launch the vehicle once we are satisfied with its performance and we feel it can meet all our expectations.'' The car, he said, would be longer and more comfortable than Astra and Baleno.