I have purchased iphone 4 8gb in india. i have heard that when the company stops manufacturing the current phone, they replace it with 4s. is it true?

i have purchased iphone 4 8gb in india. i have heard that when the company stops manufacturing the current phone, they replace it with 4s. is it true? can i get it replaced with iphone 4s 16gb or can i get it upgraded with iphone 16gb because 8gb is very less memory for me coz it hangs up all the time and apps dont work properly. any scheme where i can pay a bit and get it exchanged with any of them?

Probably not.  If you want to purchase a new phone, then you'll have to sell your old one to fund your purchase of a new phone.
As for iPhones, the phone that they will stop making is the iPhone 5.  This will not be made or sold any longer, because it has been replaced by the iPhone 5c and 5s.  You should still be able to get and iPhone 4 and 4s, although the iPhone 4 is old now in technology standards.
To get a new phone though, you will likely have to sell your old phone to fund the purchase of a new one.  This is what most folks do.

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