India's TELCO new sedan car undercuts competition


NEW DELHI, Dec 19 (Reuters) - India's third largest carmaker, Tata Engineering and Locomotive Co Ltd (TELCO), launched a sedan version of its lone car model on Wednesday and priced it below its competitors in a bid to grab market share. TELCO , also India's largest truck and bus maker, said in a statement the base petrol version of its Indigo sedan will carry a showroom price of 435,000 rupees ($9,044) in Delhi while the top end diesel model carries a tag of 520,000 rupees. That price is ...

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