The Garage / Yamaha
Yamaha Bikes in India 2026 — Prices & Models
Yamaha's Indian range is deliberately narrow — 6 models from Rs.76,887 for the Ray ZR 125 scooter to Rs.3.60 lakh for the R3, with engines from 125cc to 321cc.
There is no 100cc commuter here. Yamaha has stepped away from the bottom of the market to concentrate on the 125cc to 155cc segment, where the FZ family and Aerox scooter compete on styling and refinement, plus a pair of 321cc twins at the top. It is a much smaller line-up than Hero or Honda, but the models are clearly differentiated from each other rather than overlapping on price and specification.
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The FZ family
The FZS FI V4 at Rs.1.20 lakh is Yamaha's volume motorcycle in India — a 149cc street bike that claims 60 kmpl, an unusually strong figure for a bike with this styling. The FZ X at Rs.1.22 lakh uses the same platform with retro-flavoured bodywork and a slightly more upright riding position.
Both compete directly with the Bajaj Pulsar 150 and Suzuki Gixxer. Yamaha's traditional advantages are engine refinement and finish quality rather than outright power, so the deciding factor usually comes down to which styling you prefer after riding all three.
Scooters
The Ray ZR 125 at Rs.76,887 is the accessible option, a 125cc scooter claiming 49 kmpl that undercuts most 125cc rivals on price. The Aerox 155 at Rs.1.41 lakh is a very different machine — a 155cc maxi-styled performance scooter rated at 40 kmpl, aimed at riders who want acceleration rather than economy.
The Aerox has few direct rivals in India. If you want a scooter that is genuinely quick rather than merely convenient, it is close to being a category of one.
The 321cc twins
The MT-03 at Rs.3.50 lakh and R3 at Rs.3.60 lakh share a 321cc parallel-twin engine. The R3 is the faired sport bike, the MT-03 the naked roadster with an upright riding position.
Twins are smoother at high revs and more relaxed at sustained highway speed than the single-cylinder rivals at similar money, which is the main argument for spending Rs.3.5 lakh here rather than less on a 373cc single. For daily use the MT-03 is the more comfortable of the two.
Mileage and ownership
Three Yamaha models carry a published ARAI figure, averaging about 50 kmpl. The FZS FI V4 leads at 60 kmpl, ahead of the Ray ZR 125 at 49 kmpl and Aerox 155 at 40 kmpl. Expect roughly 10 to 15 percent less in daily traffic.
Yamaha's service network is smaller than Hero's, Honda's or TVS's but still substantially broader than the European and premium Japanese brands. None of the six models listed is discontinued, so parts supply across the range is current.
Frequently Asked Questions
Which is the best Yamaha bike in India?
The FZS FI V4 at Rs.1.20 lakh is the volume choice — a 149cc street bike claiming 60 kmpl, unusually good for the styling. For a scooter, the Ray ZR 125 at Rs.76,887 undercuts most 125cc rivals. At the top, the MT-03 at Rs.3.50 lakh is the more practical of the two 321cc twins.
What is the price of Yamaha bikes in India?
Yamaha models listed here range from Rs.76,887 for the Ray ZR 125 to Rs.3.60 lakh for the R3. There is a gap in the middle: the 149cc and 155cc models sit between Rs.1.20 lakh and Rs.1.41 lakh, and the next step up is Rs.3.50 lakh.
How many Yamaha bikes are available in India?
Six models are listed — the FZS FI V4 and FZ X street bikes, the Ray ZR 125 and Aerox 155 scooters, and the MT-03 and R3 twins. Engine capacities run from 125cc to 321cc. Yamaha does not sell a 100cc commuter in India.
Which Yamaha bike gives the best mileage?
The FZS FI V4 claims 60 kmpl, the highest published ARAI figure in the range and strong for a 149cc street bike. The Ray ZR 125 is rated at 49 kmpl and the performance-oriented Aerox 155 at 40 kmpl. The average across the three models with data is about 50 kmpl.
Is the Yamaha Aerox 155 worth the price?
At Rs.1.41 lakh it costs considerably more than a mainstream 125cc scooter, and its 40 kmpl ARAI figure is lower. What you get is genuine acceleration and a maxi-scooter riding position with few direct rivals in India. Worth it if you want a quick scooter; not if economy is the priority.