The new iPad was introduced by Apple chief executive Tim Cook in San Francisco on Thursday and will hit store shelves next week in several countries. The company said it will continue to sell the iPad 2, but dropped its price by $100 in the US.
In India, the 16-GB base model of the iPad 2 that works only on Wi-Fi is now priced at Rs 24,500, down from Rs 29,500 earlier.
"The iPad 2 is now offered at a more affordable price of Rs 24,500, inclusive of VAT for the 16GB Wi-Fi model and just Rs 32,900, inclusive of VAT for the 16GB Wi-Fi + 3G model," Apple India said in a press release on Thursday.
A company spokesman said the price cut will be across the board for all iPad 2 models in India. There was no information on when the new 4G-ready iPad will be available in India.