Korean mobile phone maker LG is reportedly working on a Microsoft's Windows Phone operating system smartphone, says a new report.

According to a report published by the LightReadingIndia, the smartphone powered by the Windows Phone 8 operating system is currently at the R&D stage and LG is studying the possible market opportunities of the phone. However, the company also made it clear that its focus on Android system will continue and nothing concrete has been finalised on smartphones based on Windows Phone 8.

"At home (South Korea), we are actually working on our Windows Phone 8 OS powered smartphone," LightReadingIndia quoted LG India's Managing Director Kwon Soon as saying. "Android is the major platform globally, given its acceptance and penetration. Although, we believe that Windows will pick up going ahead, as Microsoft is pumping efforts into it."

At present, Finnish handset maker Nokia is the only company which has an array of smartphones that is dedicated to Windows platform. Other smartphone manufacturers like Huawei, Samsung, HTC and ZTE also offer handsets backed by the Windows Phone OS globally but not as many as Nokia . According to Gartner report, the market share of Windows Phone OS smartphones has seen a steady growth in past couple of years and it is likely to continue for some more time.

LG Electronics eyes a revenue of 750 crore from its smartphone sales in India by the end of current financial year. Soon Kwon also said that LG will continue to roll out smartphones with different price tags in the country.

"India is one of the most important markets for LG and we will bring Android based smartphones in different price brackets in the country. Our current range starts from Rs 6,000."