Reliance Jio is reportedly planning to launch a 5G smartphone in the price bracket less than Rs 5,000 per unit.

Further, it plans to gradually reduce the price range to Rs 2,500-3,000 a unit as it scales up the operation.

With this, Jio will target the existing 200 million -300 million 2G mobile phone users.

At present, 5G smartphones in India are available in the price range starting from Rs 27,000.