LG is the new company to introduce buy back scheme followed by Samsung, Sony and Nokia. LG launched the Optimus G Pro (E988) in India back in July at an MRP of Rs. 42,500. Now the company offers Rs. 7000 discount when you exchange your old smartphones. This discount is on MOP (Best Buy) price, rather than MRP. It also offers EMI with 0% Interest, 0 down payment and processing free on select credit cards when you purchase the device from these LG shops in select cities in India.
Samsung introduced the exchange offer for the Galaxy S4 recently, and later increased the discount amount to Rs. 7,000 from Rs. 5,000.
List of phones that are eligible for LG buy Back offer are not available yet. May be you can check out these shops to know more about this offer. You can also register your interest in the LG India page if you wish to get contacted by LG regarding this offer. LG India offers 2 years of warranty on this phone, while most of the companies offer just 1 year of warranty even for high-end handsets.