Samsung has slashed the price of Galaxy S Duos 2 smartphone to Rs 10,190 from Rs 11,200 in India.
This is the official price and you may get the same phone at a lower price at some of the online portals.
The Korean smartphone vendor has already decreased the price of Galaxy Gear smart watch to Rs 15,500 from Rs 22,500 in the Indian mobile phone market, where Samsung is the undisputed market leader. Its main rivals are Micromax and Karbonn in smartphone space.
You also read: Samsung Galaxy Grand 2 smartphone price crashed in India
In an advertisement in select media in Delhi, Samsung also announced an upgrade offer with minimum buy back price of between Rs 2,000 to Rs 7,000 on select smartphone models.
For instance, Samsung is offering Rs 7,000 exchange offer to buy Galaxy S4 smartphone. With this offer, the effective price of Galaxy S4 will be Rs 34,500 with HDFC Bank offering EMI at Rs 1,917 per month.
Samsung is also offering Rs 5,000 as minimum exchange offer with Galaxy S4 mini. The effective price of Galaxy S4 mini will be Rs 18,500 and EMI option from HDFC is Rs 1,028, Samsung said in its advertisements.
Galaxy Grand Quattro is also available with a minimum exchange offer of Rs 2,500. The effective price of Galaxy Grand Quattro is Rs 13,700.
Galaxy Grand Core is now available with an exchange offer of Rs 2,000 and the effective price in India will be Rs 11,800.
Interestingly, Nokia, which will be sold to Microsoft this year, has become silent in the Indian mobile phone market due to the transition.
According to the latest Canalys report on Indian smartphone vendor market share in 2013, Samsung has 31.91 percent smartphone share, Micromax 21.13 percent, Karbonn 11.02 percent, Sony 6.35 percent, Nokia 4.23 percent and Apple 2.29 percent.
Canalys said global smartphone vendors such as LG, BlackBerry, HTC, Huawei, ZTE and Lenovo do not find a place in the top 6 list.