Samsung budget phone Z1 Tizen in India

South Korea's Samsung Electronics Co Ltd plans to launch a new sub-$100 (roughly Rs. 6,200) smartphone running on its own Tizen operating system in India later this month, South Korea's Maeil Business Newspaper said on Monday.

The paper, a local business daily, said Samsung will hold a press conference on December 10 to launch its first Tizen smartphone, to be called the Z1. A Samsung Electronics spokeswoman declined to comment.

Samsung had initially planned to launch a Tizen smartphone in Russia in the third quarter but scrapped the plan. The firm said at the time that it wanted to further enhance the ecosystem behind Tizen. Only a handful of devices, including the firm's smartwatch products, currently run on the platform.

The majority of Samsung's mobile devices are based on Google's Android platform. The South Korean firm's push to develop its own operating system is part of efforts to reduce dependence on the U.S. firm, but delays in product launches have undercut expectations.