Chinese smartphone maker Xiaomi will launch Mi 5 in India on Thursday, March 31.

Xiaomi's president, Bin Lin, said the price of Mi 5 could be below Rs 27,000. The official price will be revealed on Thursday.

The smartphone's 32GB variant integrates a 1.8GHz Snapdragon 820 chipset with 3GB of RAM, whereas the 64GB variant includes a 2.15GHz Snapdragon 820 chipset paired with 3GB of RAM.

The 128GB variant also features a 2.15GHz Snapdragon 820 chipset and is paired with 4GB of RAM.

All the Mi 5 variants in China include a 5.15-inch 1080p display, 16-megapixel rear camera with 4K video recording capabilities and a 4-megapixel front camera.