Spice Mobiles will soon launch the Spice Mi-495 also called Spice Stellar Virtuoso. This handset will be powered by a dual core processor with a 4.5 inch qHD screen and 8MP camera. The specifications do sound similar to the other brand handsets that are already available in the market.
The Micromax A110 is still the best low cost dual core android handset. The iBall Andi 4.5h with a 4.5 inch qHD screen with almost the same resolution as the dual SIM Spice Mi-495 is already available for around 12,000, do note that it comes with 1GB RAM. Looking at the price tag I think the Mi-495 will come with 1GB RAM.
You can check the brief Unboxing video at the mobile Indian site. The handset looks good, and comes with IPS display. The handset should hit the marketed with few days with a price tag between 11K to 12K. The battery is of 1700 mAh capacity and there dual camera an 8MP auto focus with LED flash and on the front a VGA camera for video chat.
Common features like Wi-Fi, 3G, GPS, Bluetooth, 3.5 mm jack and micro USB slot will be present. The dual core is clocked at 1GHz and not sure of it will be the Mediatek or Qualcomm CPU. Stay tuned for more.
Thank you Sachi for the tip!