The new Lumia 430 is not going to win any high performance benchmarks or camera shootouts but it'll be number 1 in terms of affordability. It is priced in at RM 319 inclusive of GST and for that price you will be getting identical specs to the Lumia 435 which is the less powerful version of the recently announced Lumia 532. 

For the money, you will get the vanilla Windows Phone 8.1 experience which can be upgraded to Windows 10 later this year. Powering it is the dual core Snapdragon 200 processor with a respectable 1GB of RAM onboard. The camera on the back is a 2MP fixed focus shooter and there is also a VGA front camera to enable skype calls.

Similar to the Lumia 640 and Lumia 640 XL, the Lumia 430 will be hitting Nokia stores nationwide starting April 8 for RM 319 inclusive of GST. Also, the Lumia 430 comes in two color options; yellow and black and it is a Dual SIM device so you can pop in two SIM cards.

UPDATE 5/6/2015 18:33: Article updated to reflect official availability of the Lumia 430