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Yamaha MT-03

Yamaha · Motorcycle

MT-03

₹3.50 Lakhex-showroom · last updated 2026

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Engine
321cc
Power
41.4bhp
Weight
167kg
EMI starting from ₹5,000/month · subject to bank approval
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Yamaha MT-03 — Overview

The Yamaha MT-03 is a 321cc parallel-twin hyper-naked priced at Rs 3.30 lakh ex-showroom - 41.4 bhp of twin-cylinder performance with sharp MT-series styling for Indian riders.

For Rs 3.30 lakh, the Yamaha MT-03 puts a 321cc parallel-twin engine under you - the same basic platform that underpins the YZF-R3 supersport, now stripped naked and given the aggro MT face. It's one of the few genuine twin-cylinder naked bikes at this price in India, competing directly with the KTM 390 Duke while delivering a fundamentally different riding character: smooth, rev-happy, and surprisingly comfortable for a naked streetfighter. The MT-03 arrived in India as a CBU import from Indonesia, and Yamaha dropped the price by nearly ₹1 lakh in 2025, making it a genuinely interesting option for riders who want the twin-cylinder experience without going into the used market. The trade-off is real: at this price, you don't get a TFT screen, slipper clutch, or riding modes. What you do get is a 321cc motor that rewards you all the way to its 12,000 rpm redline, a chassis that leans impressively despite basic suspension, and Yamaha's signature build quality that holds up over years of ownership.

Yamaha MT-03 Latest Updates

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  • The 2026 Yamaha MT-03 is expected to launch in India around September 2026 at an estimated ex-showroom price of Rs 3,60,000, based on listings on BikeDekho and ZigWheels. The new model is anticipated to carry over the global 2025 MT-03 upgrades including a slipper/assist clutch, TFT console, and revised styling - Yamaha has not officially confirmed the India launch date or specifications.

  • Yamaha India discontinued the MT-03 (and YZF-R3) in December 2025, with dealerships across the country confirming zero inventory of either model. Yamaha confirmed that a new-generation MT-03 is expected to arrive in India in mid-2026, though the company did not provide a firm launch date at the time of discontinuation.

  • Yamaha launched the 2025 MT-03 globally in March 2025, adding a slipper/assist clutch, updated smartphone connectivity via the Y-Connect app, and new colour schemes - key upgrades that Indian buyers are likely to receive when the next-generation MT-03 arrives in the country later in 2026.

What We Like

  • Smooth, rev-happy 321cc parallel-twin engine with linear power delivery all the way to 12,000 rpm
  • Premium hyper-naked styling with aggressive MT-series DNA - one of the best-looking bikes at this price
  • Lightweight and agile at 167 kg - inspires confidence on mountain roads and quick city lane changes
  • Comfortable upright riding position that works for both daily commuting and long NH touring stints

What Could Be Better

  • Snatchy throttle response at low city speeds makes bumper-to-bumper Mumbai or Delhi traffic genuinely tedious
  • No slipper clutch, TFT display, Bluetooth connectivity, or riding modes at this price point
  • Pricier than the KTM 390 Duke (which has more power and better features) - the twin-cylinder tax is real

Editor's Verdict

Should You Buy the Yamaha MT-03?

The Yamaha MT-03 is the right buy if you specifically want the twin-cylinder experience in a manageable, well-built package - and you're willing to pay a small premium over the KTM 390 Duke for a smoother, less aggressive character. It's not the most feature-rich or the fastest option at Rs 3.30 lakh, but it's refined, reliable, and genuinely fun to rev. If you value a civilised ride, Yamaha's build quality, and the feeling of a proper parallel-twin over outright specifications on paper, the MT-03 earns its price.

Frequently Asked Questions

QWhat is the ex-showroom price of Yamaha MT-03 in India?▾
The Yamaha MT-03 is priced at Rs 3,29,608 ex-showroom in Delhi and Rs 3,30,286 in Mumbai. It is offered in a single Standard variant in two colours - Midnight Cyan and Midnight Black - with no price difference between them.
QWhat is the mileage of Yamaha MT-03?▾
The Yamaha MT-03 returns an ARAI-certified mileage of 26.31 kmpl. Real-world figures from Indian owners range between 24 and 28 kmpl in city riding, with highway runs at steady 80-100 kmph touching closer to 30 kmpl.
QIs Yamaha MT-03 available in India?▾
Yes, the Yamaha MT-03 is currently available at authorised Yamaha dealerships in India as of June 2026, priced at Rs 3,29,608 ex-showroom in Delhi. The bike was briefly discontinued but relaunched in 2025 with a substantial price cut. A next-generation 2026 model is expected later this year.
QDoes Yamaha MT-03 come with a slipper clutch?▾
No, the India-spec Yamaha MT-03 does not come with a slipper clutch. This is one of its most cited shortcomings - aggressive downshifts can cause rear wheel hop without the assist of a slipper/assist clutch, which is now standard on key rivals like the KTM 390 Duke.
QIs Yamaha MT-03 good for long rides in India?▾
Yes - the MT-03's upright handlebar and flat seat make it comfortable on extended highway stints. The 14-litre fuel tank provides a range of approximately 360 km per fill. Non-adjustable suspension handles NH surfaces well, and the light 167 kg kerb weight reduces fatigue on long rides.
QHow does Yamaha MT-03 compare with KTM 390 Duke?▾
The KTM 390 Duke is cheaper, more powerful at 46 PS vs 41.4 bhp, and better-equipped with a TFT display, slipper clutch, and riding modes. The MT-03 counters with a smoother parallel-twin character, superior long-ride comfort, and Yamaha's build quality. Choose the Duke for performance and features; choose the MT-03 for refinement and everyday usability.
QWhat is the EMI for the Yamaha MT-03 base variant?▾
At Rs 3,29,608 ex-showroom in Delhi with 20% down payment and a 60-month loan at 8.5% interest, the EMI works out to approximately Rs 6,859 per month. For a shorter 36-month tenure at 9.5%, the EMI is approximately Rs 8,400 per month. Final figures depend on the bank and credit profile.
QWhat is the service cost of Yamaha MT-03 in India?▾
Yamaha recommends oil changes every 6,000 km and a full service at 12,000 km intervals. A standard service at an authorised dealer costs approximately Rs 2,500-4,000. As a CBU import, some spare parts may have longer lead times and higher costs than locally assembled bikes - factor this into ownership cost calculations.

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