Microsoft today announced single and dual sim version of Lumia 530 (http://conversations.nokia.com/2014/07/23/lumia-530/). It would be priced at about $115 (6800 INR), and will be available in India in August 2014. If Microsoft actually prices this near 6K and towards 5K, this device will be a hit like Lumia 520, and would be a tough competitor for Moto E. But at a price that is closer to Moto E, it is difficult to recommend Lumia 530 over the earlier.
Nokia (err .. Microsoft) thinks they have a winner:
Nokia (err .. Microsoft) thinks they have a winner:
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