Sources: Reliance is in talks with Indian manufacturers to develop a ~$54 Jio phone that runs on Android, aiming for sales of ~200M over the next two years (Saritha Rai/Bloomberg)

Saritha Rai / Bloomberg:
Sources: Reliance is in talks with Indian manufacturers to develop a ~$54 Jio phone that runs on Android, aiming for sales of ~200M over the next two years  —  - Reliance wants sales of up to 200 million units over two years  — New Jio Phone touted as bringing India into the smartphone era