After weeks of leaks, Motorola has officially unveiled the new Moto G, the third generation of its popular, low-cost smartphone. The company took the wraps off the Android device at an event in New Delhi, revealing that the 2015 Moto G will keep its predecessor's 5-inch 720p display, but adds an upgraded 1.4GHz Snapdragon 410 processor. There are also a wealth of customization options via the company's Moto Maker website.

The rear-facing camera on the Moto G been boosted from 8 to 13 megapixels, and there's a new version with 2GB of RAM and 16GB of storage in addition to last year's specs of 1GB of RAM and 8GB of storage. The phone runs Android 5.1 Lollipop and also comes with an IPX7 certification which means it should withstand submersion in up to 3 feet of water for 30 minutes. Both versions of the Moto G also come with 4G connectivity, a microSD slot, dual-tone flash, a 5-megapixel front-facing camera, and a 20 percent bigger battery than last year's model.

Update, July 28th, 9:30AM ET: Updated to include official details from Motorola.