Bangalore : Samsung Electronics, India’s leading smartphone manufacturer, today clarified that the market price of the Galaxy S5 has not been slashed by the company. Samsung Electronics’ flagship smartphone, which was launched in March 2014, continues to be priced at Rs. 51,500. Galaxy Gear 2 is priced at Rs. 21,900 and both Galaxy Gear 2 Neo and Galaxy Gear Fit are priced at Rs. 15,900 each. This pricing is based on robust demand and increasing sales. The company further added that reports claiming Samsung Electronics has revised prices of Galaxy S5 are false and baseless. Galaxy S5 was made available in India through Samsung’s retail stores and online sites starting April 11, 2014.