Citi In Takeover Talks With Nationwide Finance

Tata group auto major Telco yesterday said all vehicles manufactured by the company, including its range of heavy and medium commercial vehicles, would comply with Euro-II emission norms by April next year.

The Supreme Court had set the April 2000 deadline for passenger car manufacturers to meet the Euro-II norms, but did not set any time-frame for commercial vehicles. Commercial vehicles have to meet only the India-2000 norms, equivalent to Euro-I, by next April.

According to industry sources, by deciding to make its range of commercial vehicles Euro-II compliant by April 2000, Telco has practically challenged its competitors, including Ashok Leyland (AL) and Volvo. Both the AL and Volvo range of commercial vehicles are currently Euro-I compliant.