While the OnePlus One has only launched in India today, rumors around its successor are already circulating on the Internet. Carl Pei, Director of OnePlus Global, has now told BGR India that the company plans on launching the OnePlus Two by the third quarter of next year. Also Read - OnePlus 8T to officially launch on October 14: Check expected specifications and more

We are planning to announce the OnePlus Two in Q2 or Q3 next year, Pei said. So it is one year after this phone [OnePlus One]. Asked whether the company plans on launching the forthcoming smartphone in India, Pei had some positive news saying, India will be one of the first countries we will launch the OnePlus Two in. Also Read - OnePlus 5, 5T updates delayed due to Oxygen OS snag

As per rumors circulating online, the OnePlus Two could feature a smaller display, and will also be slightly more expensive than the One. While there aren t any details around the kind of hardware it will sport, a Business Insider source was recently quoted as saying that there will be some surprises in store when it comes to hardware. He however refrained from elaborating any further.

ALSO READ: OnePlus to launch an India-specific smartphone next year

To recap, OnePlus today launched the One in India, priced at Rs 21,999, and it will be available exclusively via Amazon India. The flagship killer features a 5.5-inch 1080p display, 2.5GHz Snapdragon 801 quad-core processor, 3GB of RAM, and 64GB internal storage. Also included are 13-megapixel rear camera, 5-megapixel front-facing camera, and a 3,100mAh battery. On the software front, the smartphone runs on the CyanogenMod ROM CM11s with several customized features.

The company however has had to deal with a difficult scenario with Cyanogen inking a deal with Micromax to exclusively license its software to the forthcoming YU series of smartphones. In other words, the move essentially takes the rights from OnePlus to sell CyanogenMod-powered handsets in India. The company has however assured buyers of its commitment and also revealed plans to release its own customized Android build in February next year.