From what I've read, the Nokia will cost 1699 CNY (roughly Rs. 16,750 or $245 USD), which is a surprisingly low price for a mid-range smartphone, so it looks like that hmd can be very competitive in the Android phone market. Of course we don't know how much this phone would had cost had it released to the western market as well. As for now, this is a China exclusive mobile phone and I didn't even find one place that mentioned that it's going to be released somewhere else, even in the press release hmd mentioned that it's exclusive to China.
For that price you get some really nice specs, including a high-quality metal unibody phone with 2.5D curved bright hybrid in-cell 5.5-inch display, 64GB built-in storage with microSD slot, large 3000 mAh battery, native Android 7.0 out of the box, 16MP rear camera with phase-detection autofocus and a f/2.0 aperture lens. There is also a front camera with 8MP and f/2.0 aperture, 4GB of RAM, Qualcomm Snapdragon 430 processor and great advanced sound features as well. It's a great phone overall and I just hope we get a high-end device that also costs less than the regular mid-range prices, so more people can enjoy a great mobile experiences without breaking the bank.
I think that in 2017 we can see more and more budget smartphone with mid-range specs as hardware prices continue to go down. In this very competitive market, every company wants to conquer as much market share as possible in the very large mid-level segment. To do this, companies fight against each other to impress with feature and lower down the prices to make their offering more attractive. Nokia 6 is one of those phones apparently and even without the Nokia brand stamped on it, it still offers a very good value and it would still be very attractive - of course the Nokia brand can only help to sell move devices.