"The code name of the product is Y2 and it will be launched in August," said Gautam Advani, Executive VP and Head Mobility, HCL Infosystems Ltd.
He further added that the company enjoys 15 percent market share in the overall tablet market while in the sub-Rs. 10,000 category, its share is around 50 percent.
HCL Infosystems entered the tablet market in October last year with the launch of 'ME Tab X1' at Rs. 10,990.
The company launched another tablet 'U1' priced at Rs. 7,999 in April this year.
Advani said ME tablets have been in the market for eight months now and the company is getting good consumer response for them.
HCL Infosystems on Tuesday launched two models under its Beanstalk range of All-in-One PCs in a price range of Rs. 37,908 - Rs. 33,696 and smart series laptop at Rs. 20,990. (Read more: HCL launches Smart Series 1044 laptop and new range of All-In-Ones)
"HCL Infosystems has a strong tradition in consumer computing products and today with the unveiling of the first set of consumer computing 2012 products we are taking another significant step as a manufacturer of computing devices," said Princy Bhatnagar, VP and Head Consumer Computing, HCL Infosystems Ltd.
Asked if the company will bid for manufacturing 'Aakash 2', the enhanced version of world's cheapest tablet PC, Advani said the company can decide only after seeing specifications for the upgraded version.
Telecom Minister Kapil Sibal had said that specifications for 'Aakash 2' would be out by the end of June.
'Aakash' was launched in October last year by Sibal.
It comes with a price tag of Rs. 2,276 only whereas high-end tablet PCs cost anything between Rs. 25,000 and Rs. 40,000.
However, ever since the launch, the project has been running behind schedule.
'Aakash' is be supplied to students at a subsidised rate of Rs. 1,500 and the government is keen to launch the upgraded version at similar prices as its predecessor.