Flipkart is at it again. After briefly selling the OnePlus 3 for Rs 18,999 and the iPhone 6 for Rs 9,999 the online retail website is now selling the Lenovo Moto M at an unbelievably low price of Rs 999. The Moto M was launched at a price of Rs 15,999 for the 3GB RAM and 32GB memory version while the 4GB RAM and 64GB memory version will usually cost you Rs 17,999. But, here's the thing, you can buy the phone for as little as Rs 999 (and Rs 2,999) on exchange. That's a (hefty) Rs 15,000 discount.

Potential buyers can, however, avail the offer -- that is maximum discount -- in exchange of the Moto Z alone. Exchanging an iPhone 6, meanwhile, will land you a discount of Rs 13,410. And therein lies the offer's biggest catch. The Moto Z is Lenovo's flagship phone that costs Rs 39,999, which is Rs 22,000 more than the top-end Moto M. Flipkart is basically asking potential buyers to give away their flagship Moto Z, which is also modular by the way, for a mid-range phone.

What is particularly baffling is that no other smartphone would give you a Rs 15,000 discount in exchange meaning you'll absolutely have to have Motorola's (or rather Lenovo's) best if you're looking to buy the Moto M for Rs 999.

The Moto Z comes with a 5.5-inch QHD AMOLED display and is powered by a quad core Qualcomm Snapdragon 820 processor clubbed with 4GB RAM and up to 64GB of internal memory which is further expandable via microSD card. The dualSIM phone supports 4G LTE connectivity, and runs Android 6.0.1 Marshmallow out-of-the-box and an almost unmodified version of that.

The Moto Z sports a 13-megapixel camera on the rear with f/1.8 aperture, laser autofocus, OIS and dualLED (dual tone) flash. There's also a 5-megapixel camera on the front. The phone is backed by a 2,600mAh battery and supports fast charging.

The Moto M, on the other hand, comes with a 5.5-inch 1080p display and is powered by a 2.2GHz quad-core MediaTek Helio P15 processor. It sports a 16-megapixel rear camera with Phase-Detection Autofocus (PDAF), and an 8-megapixel front-facing camera. The phone is backed by a 3,050mAh and supports fast charging. The Moto M, which was previously available in Gold and Silver options, is now also available in Black.

Also Read: Apple iPhone 6 is available on Flipkart for Rs 9,999, but don't fall for it