A little-known Indian company is set to launch a smartphone believed to be the cheapest in the world. Set to be priced at under 500 rupees ($7.30), domestic handset maker Ringing Bells’ Freedom 251 smartphone is about one percent of the price of the latest Apple iPhone.
The company, Ringing Bells was set up in September 2015 and began selling mobile phones via its website a few weeks ago under its Bell brand.
Ringing Bells currently imports parts from overseas and assembles them in India but plans to make its phones domestically within a year, the spokeswoman said. Cheap smartphone handsets, many of them Chinese-made, are readily available in the Indian market but domestic competitors are making inroads, with models selling for less than $20.