iPhone 5C phones at Apple Inc's media event at Cupertino, 2013.
iPhone 5C phones at Apple Inc's media event at Cupertino, 2013.Reuters

American technology giant Apple Inc. is reportedly planning to the launch a new variant of the company's plastic-cased iPhone 5C in India soon.

The Indian arm of technology blog BGR, citing sources with knowledge of the company plans related to India, has claimed that Apple is prepping to release the 8GB storage variant of iPhone 5C in the sub-continent, and adds that the new Apple phone might be priced between ₹30,000 and ₹40,000.

The report comes amidst news of Apple's plans to withdraw the company's 2010 model iPhone 4 from the Indian market, which was re-launched earlier this year.

Thanks to creative marketing schemes like buy-back and EMI plans, iPhone 4's price was brought under ₹20,000. Apple reportedly made huge in-roads, recording a 55 percent growth (year-on-year) in the Indian smartphone market of late.

So far, Apple has officially released iPhone 5C 8GB model only in select European markets, Australia and China. And now, the company is set to release the model in India, which is touted as third biggest smartphone market in the world.

Apple iPhone 5C 16GB and 32GB models are sold for ₹41,900 and ₹53,500 respectively. However, owing to the lacklustre response to them , the company recently brought in buy-back scheme for iPhone 5C 16GB variant, offering a ₹7,500 discount on exchange with old smartphones. Similarly, if the new 8GB model is also sold using the same program, the device's prices can be brought down under ₹30,000, so that the company can offer premium phones under multiple budget-range. As of now, the 2011 model Apple iPhone 4S is selling under ₹25,000.

For the uninitiated, Apple iPhone 4 stocks are still available at some online and a few brick-and-mortar stores in India. Flipkart is selling the device at a sub-₹18,500 price tag.

Key specifications of Apple iPhone 5C:

Model Apple iPhone 5C
Display 4.0-inch widescreen retina display with 1136x640p resolutions having pixel density having 326 ppi (pixels per inch)
OS iOS v7.0 (new update v7.1.1 released)
Processor Dual-core Apple A6 processor
Storage Capacity 8GB,16GB and 32GB
Camera Main: 8.0-megapixel camera with LED flash support, full HD video recording, f/2.4 aperture, 3X zoom

Front:1.2-megapixel camera, HD 720p video recording,

Battery Talk time: up to 10 hours (3G)

Standby time: close to 250 hours

Network 3G and 4G-LTE (in select markets)
Add-ons Siri, Wi-Fi (802.11 a/b/g/n , 2.4GHz & 5GHz ), Bluetooth v4.0, A-GPS, GLONASS, digital compass tough plastic polycarbonate shell with multiple colour options, 3.5 mm audio port, lightning port
Dimensions 124.4 x 59.2 x 8.97 mm
Weight 132 g
Colour options White, Blue, Pink, Yellow and Green
Price (Expected) 8GB: ₹30,000-₹4000016GB-₹41,900;32GB-₹53,500;