The company added two new smartphones to Windows Phone 8 platform portfolio.
Nokia has unveiled four new phones at the Mobile World Congress (MWC) in Barcelona.
The company added two new smartphones, Lumia 720 and Lumia 520 along with introducing the Nokia 105 and Nokia 301.
Nokia said the new Lumia 720 will start at €249 and features a 4.3-inch curved laminated display and rear-facing 6.7-megapixel camera paired with Carl Zeiss optics.
The company plans to introduce the smartphone in Hong Kong, Vietnam and Singapore in the first quarter of this year, followed by Europe, Asia and Africa in the second quarter of the year.
Nokia Lumia 520 will start at €139 and has a 4-inch IPS display with a resolution of 800×480 pixels.
The 520 is due to go on sale first in Hong Kong and Vietnam this quarter and will be followed by Europe, Asia and the US in Q2.
Nokia 105 features a 1.5-inch screen and an alphanumeric keypad, colour display panel, flashlight, FM radio, reminder application and an 800mAh battery.
Nokia 301 runs on a Symbian S40 operating system and features preloaded apps such as Facebook, Twitter and Whatsapp.
Nokia president and chief executive officer, Stephen Elop said, "The momentum behind Nokia is gathering pace. The launches today reflect our commitment to broadening our devices and services portfolio to meet the demands of people and businesses around the globe."
"By offering better experiences at a more affordable price we are reinventing the battle for affordable mobile devices, and Nokia has the building blocks to win."
In December last year, Nokia released its new Microsoft's Windows 8 powered entry-level Lumia 620 smartphone.