Ringing Bells began selling the handset, Freedom251, via its website in February. But the launch of the smartphone, touted to be the world’s cheapest, swirled into controversy, with some calling it a ponzy scheme. Also, the website of the company crashed during two-day sale due to huge response from prospective buyers. The company claimed that around 30,000 customers had booked the phone despite the glitch.
Later, the company said that it would deliver the phone on cash-on-delivery mode to those who placed the order. Goel said that Ringing Bells has a foolproof plan to support the price but did not disclose it.
Ringing Bells President Ashok Chaddha had explained earlier that the manufacturing cost of the phone was about Rs 2,500, which had to be recovered through a series of measures like economies of scale, innovative marketing, reduction in duties and creating an e-commerce marketplace.
He had said that the company would make phones in India that would lead to 13.8 per cent savings on duties and further save on cost by selling it online. The phone was to be manufactured in Noida and Uttaranchal.
“Two plants will be set up for Rs 250 crore each with a capacity of 5 lakh phones. The money will come in the form of debt and equity (1.5:1),” Chaddha had said. However, industry players had expressed doubt over the claim. Telecom Minister Ravi Shankar Prasad too had asked the Department of Electronics and IT to look into the matter.
Also see : Freedom 251 India’s cheapest smartphone Officially Launched for Rs 251
The company had also come under the scanner of Excise and Income Tax Departments amid debate over the feasibility of a 3G-enabled handset for Rs 251.
Freedom 251 feature a 4-inch qHD Display powered by a 1.3Ghz quardcore processor with 1GB of RAM and 8GB of internal storage which will be further expandable up to 32GB with microSD card.On camera it comes with 3.2MP rear camera and 3MP front facing camera .Device runs on Android 5.1 and supports 3G . Freedom 251 is powered by a 1450mAh battery. smartphone comes with Pre-installed such as whatsapp, youtube, swachh bharat, medical and others
3G phone like Freedom 251 would cost Rs 2300 says Telecom Ministry
Freedom 251 received 5 crore registrations, 25 lakh units promised
Ringing Bells comes under excise, I-T departments’ scanner
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