Get ready for the next Canvas phone! It looks like Micromax is geared up to launch its new budget smartphone by the last week of April.

The tenth largest smartphone vendor in the world, Micromax, is all set to launch a budget smartphone that will likely compete with the likes of Moto E (2nd Gen) and Xiaomi Redmi 2.

According to AndroidOS, the company recently started teasing about its forthcoming phone on social media, revealing that it will be called "Canvas Spark." The smartphone maker even hinted that the phone will be exclusive to e-retailer Snapdeal.com.

Canvas Spark would be next entry to the well-received canvas series. This device will be reportedly be launched under the Canvas series after Juice 2. Industry sources purportedly told the Times of India that the phone will sport a screen that will measure between 4.3-inch to 5-inch and that it will be powered by a quad-core processor.

The renowned Indian handset brand is using social media for getting the word out. Its officials have reportedly been sharing teasers about their forthcoming devices, thus creating excitement among the users, according to MicromaxCanvas.com.

The new device is anticipated to boast an array of high-end specs. The Canvas Spark is likely to be priced below Rs 6,000 (approx. $96) and would probably be launched by the end of April 2015.

Are you excited about the forthcoming Micromax Canvas Spark? Do you agree that it should be exclusive to e-retailer Snapdeal.com? Let us know what you think in the comments below!