At the ongoing Gamescom 2010 convention in Germany, Sony Computer Entertainment Europe CEO Andrew Houseannounced two new PlayStation 3 models. These two new PlayStation 3 models comprises of 160GB HDD PS3 model for $299. Another model is the 320GB PS3 with PlayStation Move controller when it launches on Sept 19. This 320GB PS3 bundle will also carry other goodies and is priced at $400. 
Indeed, Sony will be bringing two new models with higher storage but it's likely that old models with 120GB and 250GB HDDs might be knocked off in several regions like Japan. INC Gamers got notified by Japanese games firm that new 160GB and 320GB models will replace the existing models. Interesting one is the 320GB HDD PlayStation 3 model that will also bundle along:
-PlayStation Move motion controller
-PlayStation Eye Camera
-Sports Champions on Blu-ray Disc
-Bonus Blu-ray game demo disc
We're yet to get any confirmation on whether these two bundles would be made available in India, anytime in next three months.
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