Several reports suggest that computing giant, Acer is planning to launch a low cost tablet computer in the Indian market this month to compete better with the host of tablets available in the market.

Reports suggest that the company will launch the $99 Iconia B1 tablet in the Indian market this month. There are indications that the tablet will be powered by Google’s Android platform and will be launched early next year. The tablet dubbed Acer Iconia B1 might feature a 7-inch screen with a resolution of 1024 x 600 pixels and is likely to be powered by a 1.2GHz dual-core processor.

A report in Wall Street Journal said that the new Acer tablet might similar to that offered by Amazon's Kindle Fire and the Barnes & Noble Inc Nook Color. The WSJ said that Acer is aiming to undercut the price tag of $139 offered by some of the best selling tablets. I is believed that final price will be determined on the basis of the country where the tablet will be launched.

It is believed that the tablet will feature 512MB of RAM, 8GB of storage, a microSD card slot for storage expansion, GPS and Bluetooth 4.0. The Acer Iconia B1-A71 has believed to have received a clearance from the Federal Communications Commission and might be showcased at the Federal Communications Commission that s scheduled for January 2013.