Ringing Bells Freedom 251 Details
Freedom 251 Specifications
Ringing Bells Freedom 251 Regular Updates
21st Feb, 2016 – The company said it received over 70 million bookings for the smartphone in three days.“We are taking online bookings for only 25 lakh units in the first batch due to limited supplies, while giving another 25 lakh through offline distributors. I will deliver the handsets before June 30,” Mohit Goel told the newspaper.
As reviewers got ADCOM company’s smartphone with whitener applied on company’s logo to hide original manufacturer’s name, Ringing Bells President Ashok Chaddha gave clarification on this.
He said, “we wanted to show a sample or prototype of what the handsets will look like. This is not the final piece”. “In view of the shortage of time and given that these were to serve only as prototypes to a limited list of persons, we went ahead. We would clearly mention that the final Freedom 251 manufactured/assembled in India would be to identical specs – i.e. no change.”
Ashok Chadha explains again that how they will cover the manufacturing cost and earn profits.
Ashok Chaddha said, “Economies of scale gets it down to around Rs 1,200, and thereafter an online sales model cuts down marketing and sales expenses, giving us further savings”
Chaddha also added that he was banking on the app ecosystem that brought the cost down to around Rs 800. The rest, according to Chadha, will be recovered by the earnings from a marketplace that the company will be setting up.
“So here is my marketplace, you want to sell something, come to me, pay me revenue for it, and I will pass the revenue on to my customer,” he says. That’s how, according to the company, the Freedom 251 can sell for Rs 251.
26th Feb, 2016 – DIPP Secretary Amitabh Kant today clarifies the link between government and Freedom 251 phone, which has run into a major controversy with questions being raised over the company providing mobile handset at impossible price.
“This is not a Govt project. Make in India team has nothing to do with this,” tweeted Kant, the outgoing secretary of DIPP which is the official agency for the ‘Make in India’ campaign. In an earlier tweet on February 19, Kant had said: “It’s not the price of handset; its broadband connectivity & operational cost: Freedom 251: priced at Rs 251”.
27th Feb, 2016 – Mohit Goel said, “The company has decided that we will, henceforth, offer ‘cash on
delivery’ mode of payments for those who have placed an order for the
‘Freedom 251’ smartphone. This will ensure further transparency and
clear any misgivings.”
29th Feb, 2016 – Noida-based
Ringing Bells, which has promised to sell smartphone for Rs 251, has started refunding money to customers due to negative
speculation around its claim.
money from customers only after delivering phones to them. We are
refunding money to those who have paid for booking the phones and giving
them an option of cash on delivery,” Ringing Bells Director Mohit Goel
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Ringing Bells Director Mohit Goel said, “There was a lot of negativity around us so we have decided to take money from customers only after delivering phones to them. We are refunding money to those who have paid for booking the phones and giving them an option of cash on delivery.”
“We don’t want customers’ money initially. We have investors to back our project. There is a business model to justify the price. We have a foolproof plan and to whomsoever we have disclosed it has agreed to it. I don’t want to disclose full details as of now,” Goel said.
1st March, 2016 – Mohit Goel said that the delivery of Freedom251 smartphones is expected to start in April after which the company will start the second round of bookings.
2nd March, 2016 – There seemed no respite for the company, as it now came under the radar of the Enforcement Directorate (ED), which started a probe into its finances.
2nd March, 2016 – Ringing Bells got more bad reviewers and this time its Government officials as the Enforcement Directorate (ED) revealed that this was potentially a ‘ponzi scam’.
“Ringing Bells certainly misled people by quoting price as low as Rs 251. Mohit Goel appears to be a publicity-hungry person who thought that if he comes out with an unusual scheme, he will catch the eyeballs of the people as well of media. We have averted yet another Ponzi scam. It appears that they planned to produce fake receipts to CCAvenue showing delivery of phones to withdraw money from escrow account,” a senior ED official said.
3rd March, 2016 – The office of Ringing Bells – manufacturing company of India’s cheapest smartphone Freedom 251 was found closed
As per a Times of India report, the office was found shut yesterday, its president Ashok Chadha told that “all is well”.
He told TOI, “We are very much in business, and are not running away”. Apparently, the office was closed yesterday owing to some rental issues.
4th March, 2016 – Advantage Computers (Adcom)’s founder and chairman Sanjeev Bhatia said, “We are deeply grieved by this incident where our mobile phone has been presented to masses for Rs.251, and therefore, would not hesitate from taking any legal actions against the company, in case the entire fiasco impacts Adcom’s brand name or subsequently we face any other kind of losses.”
“Yes, it is true that although we sold the handsets to Ringing Bells earlier, like we sell Adcom mobiles to lakhs of users, we were absolutely unaware of the reselling plans of the company in question,” he added.
“Furthermore, we still haven’t been able to evaluate their pricing policy as we sold the handsets at Rs.3,600 per unit (to Ringing Bells),” Bhatia said.
This will definitely create a major problem for Ringing Bells and they might have to pay eye watering money to Adcom in coming up days.
Only time will decide if it is genuine or not as there is only one way for Ringing Bells to show themselves trustworthy and genuine by delivering original Freedom 251 smartphone to buyers. We advise you to not pay anything online or locally for Freedom 251 smartphone until you got a final product in your hand.
30th June 2016 – Forget about previous rumors, news and updates. Here is something which we all were excited for. Finally, the representative from Ringing Bells came forward, confirming that the phones will be available from July 6th. He also confirms that 2 lakh Freedom 251 units are ready to ship along with 32 inch LED TV which will be available at Rs 10,000 to buy online soon after freedom 251 availability. Ringing Bell’s CEO also confirmed that they already have 1 lakh units in stock of this cheapest LED TV.
There are some exclusive coverage on this, coming soon only on Technonize. We will let you know about the whole new story of Ringing Bells, make sure you liked our facebook page and subscribed via email to get early notifications.