Microsoft has slashed prices of its popular gaming console ‘XBox’ by 19 per cent to ₹12,990 as the tech giant looks to expand its footprint in India’s gaming market.

The 4GB version of the standalone XBox 360 was earlier being sold for ₹15,990.

Similarly, Microsoft has also reduced the price of 4GB Xbox 360 with Kinect to ₹21,990 (from ₹26,990) and 250GB Xbox 360 with Kinect to ₹29,990 (from ₹31,990), Microsoft said in a statement.

“Since its launch, Xbox has been instrumental in providing a gaming experience like never before to fans across the world,” it added.

The company will also bundle two games – Call of Duty: Black Ops II and Call of Duty: Ghosts – and Xbox Live Gold membership for a month for buyers of Xbox 360 500GB (priced at ₹19,990).

For the quarter ended December 31, 2014, Microsoft sold 6.6 million XBox units, with strong holiday season performance.

According to a FICCI-KPMG report, the gaming industry in the country is estimated to have grown from ₹700 crore in 2008 to ₹1,920 crore in 2013. It is further projected to touch ₹4,060 crore by 2018.

The gaming market in the country is in the nascent stage, with mobile games accounting for the lion’s share. The Indian gaming console market was estimated to be worth ₹750 crore last year, according to market insiders.

There are estimated to be about 6-7 million regular gamers, who don’t own a console but access these devices at other places like a friends’ house and the number is growing at a steady pace.

XBox competes with likes of Sony’s Playstation and Wii globally.

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