Reliance Jio planning to sell 5G smartphones for ₹2,500-3,000 apiece: Report

NEW DELHI : Reliance Jio is planning to launch a 5G smartphone for less than ₹5,000 and gradually reduce the price to ₹2,500-3,000 a unit when it scales up the operation, according to a company official.

The company will target 20-30 crore mobile phone users who use 2G connection at present. “Jio wants to bring the device for less than ₹5,000. When we scale up the sales, it can be priced in the range of ₹2,500-3,000,” a company official said on the condition of anonymity.

An email query sent to Reliance Jio did not elicit any response. At present, 5G smartphones are available in India in the price range starting from ₹27,000. Jio was the first company that launched 4G mobile phones in India free for consumers where they were required to pay a refundable deposit of ₹1,500 for a Jio Phone.