The first set of Android One devices feature MediaTek's MT6582 mobile System-on-Chip (SoC), which is based on quad ARM CortexTM A7 processors.

The processors deliver superior multi-tasking performance and excellent sustained performance-per-watt for a premium mobile experience.

When asked about the impact on Android One on the smartphone market, Bhushan said: "In the short term, there can be disruptions. But, this will eventually lead to handset makers not part of Android One to invest on innovating the mobile experience."

He added that companies will have to realise that Android One will give users an unmatched device experience at affordable prices and for them to match it, they will have to follow suit.

With Android One, Google aims to win customers in the world's fastest growing smartphone market with low prices and better quality software.

Read More: 10 Indian States That Score Billions In The Form Of Tax Revenues