The smartphone will be available for an upfront price of 1,999 rupees and the rest can be paid via monthly instalments.

The smartphone will be available for an upfront price of 1,999 rupees and the rest can be paid via monthly instalments.

The smartphone will be available for an upfront price of 1,999 rupees and the rest can be paid via monthly instalments.

Bengaluru: India's Reliance Industries said on Friday the low-cost smartphone made by its Jio telecom business and Alphabet Inc's Google will be available in stores from this festive season of Diwali for 6,499 rupees ($86.81).

The smartphone will be available for an upfront price of 1,999 rupees and the rest can be paid via monthly instalments, Reliance said in a regulatory filing.

The phone's pricing is expected to shake-up the lower end of India's smartphone market, the world's second biggest.

The phone will pose a major challenge to Chinese vendors such as Xiaomi and BBK Electronics, owner of the Realme, Oppo and Vivo brands, which currently dominate a $2 billion market for sub-$100 smartphones in India.  

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Jio also aims to use the phone to poach 2G users from rivals Vodafone Idea Ltd and Bharti Airtel Ltd.

The Mumbai-based oil-to-telecoms conglomerate had last month delayed the launch of the smartphone till November owing to an industry-wide semiconductor shortage.  

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