HMD Global officially reduced the price of Nokia 5 with 3GB of RAM and Nokia 8 in India. Nokia 5 with 3GB of RAM was released late last year at a price point of INR13,499 (€170), but now received a permanent price cut of INR1,000, making the new price INR 12,499 or 158 euros. Nokia 8’s price was slashed by about 20%, so we can characterize it as a significant price cut.
From the previous price of INR36,999 (€466), HMD slashed the price of Nokia 8 by INR8,000 to make the new price INR28,999 or 365 euros. This price cut happened less than a month before HMD is set to announce new devices, like the global variant of Nokia 6 2018 and maybe Nokia 9 and Nokia 7 plus.
This price cut makes sense, in fact. Nokia 5 3GB and Nokia 8 will probably stay as a part of HMD’s portfolio in 2018. Hypothetically, HMD’s mid to higher end portfolio in India could look like this: Nokia 5 3GB (12,499RS=158 euros), Nokia 6 2018 (16000RS = 200 euros), Nokia 7 plus (24000RS=300 euros), Nokia 8 (29000RS=365 euros) and Nokia 9 (45000RS=550 euros). Keep in mind, I’m just guessing the prices, so don’t be surprised if the price is higher (or lower) than written above, but such a portfio would be strong for the first half of 2018.