This is not happening for the first time, Mozilla (developer of Firefox web browser) had partered with Indian firms - Intex and Spice - to bring smartphones priced around Rs 1,500 to India earlier this year. 

Under the Android One initiative, tech giant Google has partnered Spice, Micromax, and Karbonn from India to deliver a smartphone under $100 (about Rs 6,000) which was announced in the latest I/O. 

It is believed that both the handsets will give a tough competition in the fastest growing smartphone market in India. 

Spice Retail CEO Devices T M Ramakrishnan said, "We will have the handsets in before Diwali. These phones are designed for driving connectivity at affordable prices. We were chosen for our innovation, we are among the chosen few to work with these global giants to bring these devices to India." 

With the strong growth in its smartphone business, Spice is aiming to grow its revenues in the country by over 40% that is nearly Rs 2,000 crore this fiscal, added by Ramakrishnan. 

Nearly 17.59 million Spice smartphones were shipped in India in the first quarter of 2014 just from 6.14 million in the same period of 2013.