The first handset from the company since it was sold to Lenovo, the Moto E offers an excellent balance of performance and price and could be the ideal entry-level phone for any consumer anywhere in the world ready to dump their feature phone in favor of their first smart handset. Motorola has planned a series of launch events over the next 24 hours in different countries but at the first, in India on Tuesday morning, the company officially took the wraps off its third ‘Moto branded handset, the Moto E.