Exclusive: LG G5 Modular Smartphone Coming to India on May 23; Pre-bookings Start May 13

Update: LG reschedules G5 India launch date, now coming on June 1New Delhi: Until today, there wasn't much information about the LG G5 India launch except for that the company would launch its first modular phone in the country in the second quarter of 2016.

We now have access to a lot of information about the new LG flagship including the launch date, pre-booking details, and the price.

According to our source, who is familiar with the company's G5 India launch plans, the South Korean giant is going to bring the G5 smartphone to India on May 23. And it will be up for pre-booking starting May 13.

The phone, which is the first-of-its-kind in the company's portfolio, will be priced over Rs 50,000, revealed the source.

Featuring a modular approach to design, the G5 lets users pop out the phone's bottom and swap in new hardware features. Early options include a camera grip with physical buttons to take shots and control video recording.

In what we have learned, the camera module, that can be attached through the battery slot to deliver controls of a standalone camera, will be given as a freebie to only those who pre-book it.

Encased in a metal aluminium body, the LG G5 features a slide-out battery design, which means users can easily swap out a depleted battery for a fully charged one in seconds.

The main camera on LG's G5 smartphone will have both a regular lens for standard shots and a wider-angle lens so you can capture more of what's in front of you without having to step back.

A B&O sound system can also be added by sliding a module into the phone case.

The always-on display on the G5 allows users to view notifications time, date and other information without waking the phonne. The 3D Arc Glass in the G5's 5.3-inch display creates a gentle curve.

The LG G5 is equipped with a Snapdragon 820 processor that offers 64-bit performance and Adreno 530 graphics. The G5 offers Quick Charge 3.0 for fast charging.

LG has been losing money from its mobile business as its flagship products have struggled over the years. With a different approach in the G5 the company is attempting to distinguish itself in an already crowded market.