The rumored price of the Yu5050 works out to the equivalent of $315 USD, and the phone is expected to be officially unveiled on Tuesday. It will be a Snapdeal exclusive. At the same time as the Yu5050 greets the light of day, Micromax will unveil its Yu4711 budget model. This device is powered by the Snapdragon 410 SoC. It will feature a quad-core 1.21GHz CPU and the Adreno 306 GPU. 1GB of RAM is inside.
Like the Yu5050, Cyanogen 12.1 is pre-installed on the Yu4711, and the phone will also offer a quick charge feature and support 4G LTE connectivity. We should have pricing information on this handset sometime on September 8th.
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source: Geekbench (1), (2), Zauba via Techgadgetsz