The Xiaomi Redmi 2 currently competes with the YU Yuphoria, Lenovo A6000, Motorola Moto E (2nd Gen), Microsoft Lumia 535 Dual SIM, and the Huawei Honor Holly. Since the Redmi 2 is no longer the device with the best specifications in its price range, Xiaomi wants to compete with the Yuphoria by decreasing the price of its offering.
Xiaomi has tweeted an image, which states that the company will drop the price of the Redmi 2 by Rs. 1,000 on July 7. The Redmi 2 will be available for Rs. 5,999 through the company's official website mi.com/in, but not through Flipkart, Amazon or any other partner stores. With this step, Xiaomi also ensure that buyers start buying from its own online store instead of its partners.
The Xiaomi Redmi 2 was released in India on March 12, and features a 4.7-inch HD IPS LCD display, a quad-core 64-bit Snapdragon 410 SoC, 1GB RAM, 8GB storage, microSD card slot, an 8-megapixel primary camera with 1080p video recording, a 2-megapixel secondary camera, two SIM card slots (4G + 2G), 4G LTE connectivity, Android 4.4.4 KitKat, and a 2,200 mAh battery with Quick Charge 1.0 technology.