Lava’s premium brand, Xolo seems to be the one that has been raising the bar for the competition with each passing day. The company has come up yet another quad core phone with some pretty loaded features and with the price tag of a dual core smartphone. Xolo Q700 is the latest budget quad core smartphone and it has been launched for Rs.9,999. A price around Rs.9,500 is what we expect to be in offline retail stores.