"We are looking at launching 7-8 4G devices this quarter. These will be across various price points," Lava International Chief Operating Officer Navin Chawla told reporters here.

He added that the prices of 4G handsets will come down as more 4G devices come into the market and a handset with 'decent set of features' could come for about Rs 5,000.

The company yesterday launched a new 4G smartphone (with Voice over LTE), V5, priced at Rs 11,499. It features a 1.3 GHz quadcore processor, 3GB RAM, 13MP rear and 8MP front camera and 3,000 mAh battery.

There has been a manifold jump in demand for 4G-enabled devices as mobile operators like Airtel expand their 4G (high-speed Internet) services.

A report by research firm IDC said shipment of 4G smartphones jumped almost three-fold in the third quarter of 2015 over the previous quarter with one out of three smartphones shipped being 4G-enabled.

Handset makers are expected to line up more affordable devices to cash in on the opportunity further as Reliance Jio starts offering its services to consumers later this year.