According to Asia-based report Google is planning to take a plunge into the budget tablet market by cutting down the price of Google Nexus 7.

Both the tablet makers Google and Asus stole the heart of millions with their reasonably priced tablets. Now the Tablet makers are thinking of lowering the price of Tablet from $150 to $99 according to Taipei-based Digitimes.

The site has reported that the cheaper Nexus 7 would hit the market by the seconf quarter of next year.

The component of Tablet is being manufactured by O-Film and would start shipping in December 2012.

The company’s touch-screen glass-glass film technology will contribute to lower production costs and make it thinner, Digitimes said.