DarkAngel
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The Nokia C2-05 slider offers a 2" 65K-color LCD, VGA camera and a microSD card slot. FM radio, Bluetooth and microUSB connectivity are also on board the lightweight (98.5g) featurephone. On the network side of things dual-band GSM/GPRS/EDGE is as good at it gets, but at least there are two versions of it for the different parts of the globe.
The Nokia C2-05 will become available in Q4 and will cost €50 before taxes.
The Nokia X2-05 is a music-centered bar, packing a really powerful speaker. According to Nokia the perceived loudness of that one is 106 phons. An FM radio with a support for recording and a VGA camera are the other multimedia features of the phone.
At 87.8g, the Nokia X2-05 87.8g is even lighter than the C2-05, despite the larger screen. Much like its sibling though, the X2-05 packs a MicroSD card slot, dual-band GSM/GPRS/EDGE, Bluetooth and microUSB port.
Available in Black, Silver, White and Bright Red, the Nokia X2-05 will also ship in Q4 and is expected to cost around €46 before taxes.
So some cheap, decent S40 phones from the finns. Guess it would be ~2.5k-3k mark. They have realized that the speaker loudness is an important criterion to sell cheap music phones in India

But what a lousy naming scheme though :/
The C2-03 has better specs than this C2-05 and the X2 is also better than the X2-05. Not sure why they havent switch to their 3-digit numerical naming scheme for these
Affordable S40-running Nokia X2-05 and C2-05 announced - GSMArena.com news