First, the basics: the Z2 sports a 4-inch 480x800 AMOLED display driven by a quad-core 1.5GHz processor with 1GB RAM and 8GB of internal memory, expandable via a microSD slot. The Z2 also offers dual-SIM support, a 1,500 mAh battery, a 5-megapixel camera and a front-facing VGA selfie cam. While it's not exactly a flagship phone with those specs, Samsung has included a range of "Make for India" features like Ultra Data Saving Mode, Ultra Power Saving Mode, S Bike mode and the My Money Transfer app to make it doubly appealing to the Indian market.

When the phone officially goes on sale August 29th, it will be available in Black, Gold or "Wine Red" at retail stores or online at Paytm, and comes pre-loaded with a trial version of Samsung's Jio mobile streaming apps. The phone is expected to hit other countries after its initial release in India, although the price could vary slightly depending on the region.