Huawei Ascend P1 is powered by a 1.5 GHz dual core processor which would be backed by above average RAM capacity of 1 GB. Together this chipset will be fast enough for you to run all general Apps smoothly. The internal strange capacity is 4 GB which can be further extended to 64 GB using a microSD card. The Operating System Employed in this device is Android 4.0 ICS. The Display size is 4.3 inch and you can easily slip it in your pocket. The Display resolution is 960 x 540 (qHD) which will give you pixel density of 256 ppi which is above average and will suffice for a 4.3 inch display. Various rivals like Lava Iris 504Q and Videocon A55 HD are offering 5 Inch HD display at this price range. This phone sports a standard 8 MP primary camera on the back with dual LED Flash. A secondary camera of 1.3 MP is also present for video calling. This is pretty standard camera specifications that all major competitors are providing in this price range. You can also get a 13 MP primary camera from phones like UMI X2(14,000 INR) The Battery capacity is 1670 mAh which is not very high although it is not yet clear how much Talk time you will be able to squeeze out of it. Connectivity features include Wi-Fi, GPRS, 3G up to 21 Mbps HSPA+, micro USB, Bluetooth v3, 3.5 mm Audio jack and A-GPS. This phone is priced in the fierce range of 10,000 to 15,000 which is over crowded with budget Quad core devices like Lava Iris 504Q, Videocon A55 HD, XOLO Q1000, UMI X2 with better display features . The USP of this phone will be its built quality and sleek design (only 7.69 mm). This phone is available for pre-order on Flipkart for Rs. 12,990
Update
This phone is now in stock for a price of Rs. 12, 490 on Flipkart, which is lesser than the pre-order price