In February 2020, iQOO entered into the Indian market with its flagship iQOO 3 smartphone. It was the country’s first Snapdragon 865 powered smartphone. The company recently posted on its official Twitter account teasing the new price cut. As per the tweet, iQOO 3 will see a new permanent price cut. It seems like the price cut is for the 8GB RAM 4G variant since it comes with the current price of INR 38,990 ($509).