As rumored, Nokia India — at a press event in New Delhi — has unveiled 4-incher Lumia 510 Smartphone for budget-conscious customers. Being slotted somewhere between the Asha-series and 610, the new Nokia Lumia 510 includes key specifications in line with its low-cost stance.

That said; initially shipping with Windows Phone 7.5 (Mango), the 5MP shooter equipped Lumia 510 is powered by an 800MHz Qualcomm Snapdragon  S1 processor and packs a 1300 mAh battery to power its 800x480p resolution equipped WVGA display.

Boasting five different colors, including black, white, cyan, red and yellow, it ridiculously brings 4GB of non-expandable storage, along with 256MB of RAM. With the possibility of Windows Phone 7.8 upgrade, the Nokia Lumia 510 will be available in India, China, South America, and Asia, starting next month for around INR 11,000 (or $200). Keep it tuned with Techsnapr for a follow-up post.

Source: Nokia (1), (2)