“#Mi4PriceDrop - you can also avail the exchange offer, and buy Mi 4 64 GB for 14,999. Check it out: http://www.flipkart.com/mi-4//itme4g2vrpvmggch … @MiIndiaOfficial,” company's Manu Kumar Jain posted on his Twitter handle.

The Mi 4 is thinner at 8.9mm and has a metal body with replaceable rear panels. It has a 5-inch full HD IPS display (no Gorilla Glass) along with a 13MP primary camera capable of recording 4k videos and 8MP front Sony stacked CMOS camera.

Hardware specifications include a quad core Qualcomm Snapdragon 801 processor, 3GB RAM, 64GB storage and a 3,080mAh battery.

According to Xiaomi, the battery would last one and a half day with normal usage and will offer quick charging, reaching 60 pc charge in an hour's time. Other features include 8MP front camera, 3G, dual band WiFi, Bluetooth 4.0, USB host and radio.