In 2014 when moto e 1st gen was launched it was a benchmark for budget phone segment but when xiaomi entered this segment with redmi 1s that was a game changer.
Today no point for buying moto e 2nd gen coz today in market there are phones like redmi 2 yuphoria coolpad there are more cons then pros in moto e
pros
1) good design
2) stock android with lollipop 5.1
3) better battery life
cons
1) display needs to improve
2) only 1gb ram
3) no flash for rear camera
4) worst quality camera for both front and rear