JioPhone price is slashed to Rs. 501 (exchange offer); Is launching JioPhone 2

Jio has just announced “JIOPHONE “MONSOON HUNGAMA” offer, further slashing the price of Jiophone.
Starting July 21st, you can exchange their existing feature phone for a brand new JIOPHONE for just Rs 501!
The company has effectively reduced the  entry cost of the JioPhone from Rs 1500 to as low as Rs 501.
Starting 15th August, our JioPhone2 will be available at an introductory price of only Rs 2999.