After much hype and many leaks of specs, the OnePlus 2 is officially out, and at a price that rival Xiaomi Corp. would envy. The 64GB version of the “flagship killer,” as the phone has been skillfully marketed, will cost less than 25,000 rupees ($390) in India.

The 64GB version of the handset will be available first, priced at 24,999 rupees, starting Aug. 11 for purchase exclusively on’s India portal. The 16GB version will be available later in the year, the company said in a press release Tuesday.

“India is an important market for us and our fans are sure to get their hands on OnePlus 2 simultaneously with the rest of the world,” Vikas Agarwal, general manager for India at OnePlus, said in a press release on Tuesday.

OP_s01_c005 A promotional image of the new OnePlus 2, which has an aluminium alloy fame and jewelry grade steel accents. Photo: OnePlus

As with the OnePlus One, the new smartphone’s predecessor, buyers will need invites to purchase the phone. They can visit “pop up experience centers” in Delhi and Bangalore on July 31 to sign up for an invite. Consumers can also monitor OnePlus India’s social media posts starting Aug. 1 for a chance to get an invite, the company said.

The OnePlus 2 has an aluminum-magnesium alloy frame and jewelry-grade stainless steel accents. It has a full-HD 5.5-inch IPS LCD In-Cell display, with a 178-degree viewing angle. The handset weighs 175 grams and is equipped with a 3300mAh lithium polymer battery, dual-SIM slots for two Nano SIM cards with 4G LTE capability.

It comes with a top-of-the-range 64-bit Qualcomm Snapdragon 810 chipset and 4GB RAM. The version with 16GB internal memory will have 3GB RAM.

The new phone's 13-megapixel rear-facing camera has six physical lenses, dual LED flash, laser-assisted focus and f/2.0 aperture. The camera’s sensor contains large 1.3 µm pixels to deliver superior low-light shots. The phone also features a wide-angle 5-megapixel front-facing camera for those into selfies.

In addition to OnePlus’s signature Sandstone Black case, OnePlus 2 buyers will also get to choose from a range of covers, including actual wood-built Bamboo, Black Apricot, Rosewood and even Kevlar.

Other features include a USB Type-C charging port, a fingerprint scanner for unlocking the device, and an alert slider for quick access to custom notification settings. The OnePlus 2 also marks the vendor’s bet on its own Android skin, called Oxygen OS. OnePlus 2 will ship with the Oxygen OS tweak of the latest Lollipop 5.1 Android software.