Yamaha

Yamaha R3Recently, Yamaha Motor India announced the new prices of its portfolio in response to the revised GST 2.0 tax slabs introduced by the Indian Government. The maximum price cut was enjoyed by its popular R15 motorcycle at Rs 17,581 (Ex-sh). Alongside R15, Yamaha announced price cuts for all of its motorcycles and scooters sold in India.
However, there were two vehicles missing from this list and were not subject to any price hikes. These are R3 and MT-03, both of which are powered by a 321cc engine, eligible for GST 2.0 tax reforms. New report suggests that Yamaha is considering to offer a price cut of around Rs 30,000 with R3 and MT-03, making them more affordable to buyers.
Yamaha R3 and MT-03 Rs 30k Price Cut
Only the R3 and MT-03 in Yamaha’s Indian portfolio are brought into the country via the CBU route, while others are locally manufactured. Both of these vehicles had received lukewarm response from Indian motorcycling enthusiasts owing to their high prices and the fact that they are older generation models, when compared to global markets.
Yamaha MT-03
Yamaha is trying to fix the pricing aspect of these motorcycles as the company recently employed up to Rs 1.1 lakh price reduction on R3 and MT-03. With this new pricing strategy, R3 was priced at Rs 3.60 lakh (Ex-sh) and MT-03 at Rs 3.5 lakh (Ex-sh). Now, Yamaha is set to slash prices further with the new GST 2.0 reforms.
A recent report has revealed that Yamaha will be offering a price cut of up to Rs 30,000 on R3 and MT-03, taking the Ex-sh prices down to around Rs 3.2 lakh for MT-03 and Rs 3.3 lakh for R3. These motorcycles lock horns with motorcycles like KTM 390 Duke, RC 390, TVS Apache RTR 310, Apache RR 310, Triumph Speed 400 and Thruxton 400 among others.
Any other updates?
Both motorcycles are powered by the same 321cc parallel twin cylinder DOHC 4V/cyl liquid cooled engine with up to 42 bhp of peak power and 29.5 Nm of peak torque, mated to a 6-speed gearbox. While all of R3 and MT-03’s rivals have gotten more expensive with GST 2.0 reforms, Yamaha seems to be having the last laugh.
These premium imported motorcycles are sold via Yamaha’s Blue Square dealerships and Yamaha is yet to release current versions of R3 and MT-03 in India available in global markets.
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New Yamaha R15India Yamaha Motor (IYM) Pvt. Ltd. has announced that it will fully pass on the benefit of the recent GST revision on two-wheelers to its customers. The updated prices will come into effect from 22nd September 2025, coinciding with the festive season when demand for motorcycles and scooters typically peaks in India.
With the GST rate on two-wheelers brought down from 28% to 18%, Yamaha’s entire lineup—spanning sporty motorcycles, hybrids, and scooters—has become more accessible. The move is expected to boost sales in the entry-level and premium commuter categories, which are highly price-sensitive.
Variant-Wise GST Benefits:
RayZR:
Old Price Rs 93,760 vs New Price Rs 86,001 (Benefit: Rs 7,759)
Fascino:
Old Price Rs 1,02,790 vs New Price Rs 94,281 (Benefit: Rs 8,509)
FZ-S Fi Hybrid:
Old Price Rs 1,45,190 vs New Price Rs 1,33,159 (Benefit: Rs 12,031)
FZ-X Hybrid:
Old Price Rs 1,49,990 vs New Price Rs 1,37,560 (Benefit: Rs 12,430)
Aerox 155 Version S:
Old Price Rs 1,53,890 vs New Price Rs 1,41,137 (Benefit: Rs 12,753)
MT15:
Old Price Rs 1,80,500 vs New Price Rs 1,65,536 (Benefit: Rs 14,964)
R15:
Old Price Rs 2,12,020 vs New Price Rs 1,94,439 (Benefit: Rs 17,581)
Variant-Wise GST Benefits
Speaking on the development, Itaru Otani, Chairman, Yamaha Motor India Group, said: “We would like to thank the Government of India for the timely reduction in GST on two-wheelers. This step will provide a strong boost to the two-wheeler demand during the festive season. By making two-wheelers more affordable, it will not only benefit customers directly but also stimulate overall consumption and create positive momentum for the industry. At Yamaha, we are pleased to pass on the full benefit of this reduction to our customers across India.”
Industry Insight
The timing of this move is crucial. Two-wheeler sales have seen uneven recovery post-COVID, with premium motorcycles and sporty scooters like the R15 and Aerox 155 witnessing stronger traction compared to mass commuter bikes. By lowering ownership costs, Yamaha aims to capture festive demand while strengthening its position in the premium commuter and scooter markets.
Dealers are also likely to benefit from increased footfall, as buyers who were postponing purchases in anticipation of GST cuts may now advance their buying decisions. Customers can approach authorized Yamaha dealerships for variant-specific price confirmations and ongoing festive offers. More

New Yamaha MT15 – Patna BikesYamaha RayZR, FZ, MT15 and R15 Continued to Lead Sales with Strong MoM Gains Despite YoY Decline
India Yamaha Motor reported mixed sales performance in July 2025. The company saw a decline on a year-on-year (YoY) basis but managed to bounce back with strong month-on-month (MoM) growth. Total domestic sales stood at 50,365 units, marking a 9.80% drop compared to 55,838 units sold in July 2024 — a volume decline of 5,473 units. However, on a MoM basis, Yamaha recorded a healthy 13.39% increase, adding 5,948 units over 44,417 units sold in June 2025.
The improvement in MoM sales indicates that Yamaha’s refreshed product strategy and festive season preparations are resonating with customers. The company recently introduced the 2025 MT-15 Version 2.0 with updated technology and new colours. Alongside, Yamaha launched the 2025 Fascino and RayZR, both 125cc scooters with Hybrid technology, aiming to boost demand ahead of the festive rush.
Yamaha RayZR Tops the Charts
Yamaha RayZR continued as the brand’s best-seller, clocking 16,421 units in July 2025. This represented an 11.78% YoY growth compared to 14,690 units sold in July 2024, and a solid MoM gain of 15.04% over 14,274 units in June 2025. Holding a commanding 32.60% share of Yamaha’s portfolio, RayZR remains the key volume driver for the brand.
Yamaha Sales Breakup July 2025 – YoY Comparison
The FZ followed at No. 2 with 11,110 units sold. It posted a marginal 1.33% YoY growth from 10,964 units in July 2024 and a steady 3.19% MoM rise. Yamaha MT15, though weaker on YoY terms with a 13.70% decline (8,514 units vs. 9,866 units in July 2024), managed to recover on a MoM basis with a strong 19.53% jump over June’s 7,125 units.
Yamaha R15 Sees Sharp MoM Recovery
The R15 supersport bike struggled YoY, dropping 23.98% to 6,623 units compared to 8,712 units in July 2024. However, MoM numbers told a different story as sales surged by 51.21% over 4,380 units in June 2025 — the highest percentage growth among Yamaha’s key models last month.
Yamaha Sales Breakup July 2025 – MoM Comparison
Yamaha Fascino faced headwinds with sales at 5,450 units, down 45.78% YoY and 11.02% MoM. The dip is likely due to customers awaiting the facelifted 2025 Fascino, which debuted on August 14 with significant updates. Further down the order, Yamaha Aerox posted 2,239 units while R3/MT03 together accounted for 8 units, both registering steady growth over last year.
Overall, while Yamaha’s July sales highlighted YoY challenges, the strong MoM rebound across RayZR, FZ, MT15, and especially R15 suggests momentum could build up in the coming festive season with new launches driving demand. More

2025 Yamaha Fascino and RayZRWith festive season popping up in the peripheral vision, many 2W OEMs are jumping on to opportunities to boost sales. India Yamaha Motor (IYM) is at it too, as the brand has just launched 2025 versions of its 125cc Hybrid scooters with improved features and technology along with new colours to spruce up its appeal. Let’s take a closer look.
2025 Yamaha Fascino and RayZR
Yamaha is upping the game in 125cc scooter segment of India. Both Fascino and RayZR have been updated to 2025 model year with a few new colours and a few new features to increase value proposition to buyers. Bookings for both 2025 Fascino 125 and RayZR 125 have started and deliveries will commence soon.
2025 Yamaha RayZR 125 Hybrid
Where pricing is concerned, the most affordable Yamaha 125cc scooter is 2025 RayZR 125 starting from Rs 79,340 (Ex-sh) and then Rally variant of MY25 version has been priced at Rs 92,970 (Ex-sh). 2025 Fascino 125, on the other hand, starts from Rs 80,750 (Ex-sh) and the S variant is priced at Rs 95,850 (Ex-sh).
That’s not all. For the first time, India Yamaha Motor is offering a new top-spec variant of Fascino 125 which now gets a TFT instrument cluster, a first on any Yamaha scooter sold in India including the flagship Aerox 155. It supports Bluetooth connectivity and Y-Connect app along with turn-by-turn navigation. 2025 Yamaha Fascino S TFT is priced at Rs 1,02,790 (Ex-sh).
2025 Yamaha Fascino 125 Hybrid
Yamaha is also infusing a few new colours into the colour palette of Fascino. There’s a new Matte Grey shade with 2025 Fascino S, Metallic Light Green with disc brake variant of 2025 Fascino and Metallic White colour with 2025 Fascino drum brake. Also, RayZR Street Rally gets Matte Grey Metallic and RayZR disc variant gets Silver White Cocktail shade.
Enhanced Power Assist
Based on Yamaha’s Hybrid technology employed with their 125cc scooters, the company has carved out a new feature called Enhanced Power Assist. Yamaha is bundling a high-performance battery which delivers sustained high torque resulting in stronger acceleration and improved performance in situations like standstill starts and climbings inclines.
2025 Yamaha Fascino S 125 Hybrid TFT Screen
Then there are features like 21L under-seat storage, answer back feature, LED DRLs, SMG (Smart Motor Generator), engine stop start system, silent start along with improved efficiency. This 125cc engine is capable of generating 8.04 bhp and 10.3 Nm.
Statement from India Yamaha Motor
Speaking at the announcement, Mr. Itaru Otani, Chairman, Yamaha Motor India Group said, “Yamaha’s 125cc Hybrid scooter range has consistently delighted customers with its dynamic styling, superior comfort, and fuel-efficient performance. The introduction of the new ‘Enhanced Power Assist’ function marks another step forward in enhancing everyday riding convenience and instilling greater confidence among commuters. More

Yamaha RayZR 125 : Image – Gyani Enough2025 Yamaha Aerox 155, launched in May this year has brought in strong sales last month even as its MoM sales declined
India Yamaha Motor has a robust lineup of models in the premium scooter and motorcycle segments. However, it has been experiencing weak demand in domestic market. Sales have declined both year-on-year (YoY) and month-on-month (MoM), and year-to-date (YTD) sales have also shown a negative trend.
Yamaha Sales Breakup June 2025
Yamaha sold 44,417 two-wheelers in India during June 2025. This was a 24.04% YoY decline from 58,471 units sold in June 2024 which was a difference of 14,054 units. MoM sales too dipped by 3.62% from 46,086 units sold in May 2025.
Yamaha’s top-selling scooter is the Ray ZR, while the best-selling motorcycle is the FZ lineup. Both however, suffered a YoY decline. Yamaha Ray ZR sales fell by 5.99% YoY to 14,274 units. This related to a 910 unit volume de-growth from 15,184 units sold in June 2024. May 2025 sales had stood at 13,023 units which was a 9.61% MoM growth. The Ray ZR currently commands a 32.14% share in the company’s overall portfolio.
Yamaha Sales Breakup June 2025 – YoY
In 2nd place, we have Yamaha FZ which saw a 10.58% YoY decline to 10,767 units. This was a 1,274 unit drop from 12,041 units sold in June 2024. Lower sales were also recorded on a MoM basis by 17.04% from 12,979 units sold in May 2025. MT15 with 7,123 units sold last month suffered a steep 38.68% YoY decline. MoM sales however, ended on a positive note, up by 1.27% from 7,034 unit sales of May 2025.
Also posting a decline in YoY sales but increased MoM demand was the Yamaha Fascino. This 125cc scooter saw its sales decline by 33.81% to 6,125 units last month while its MoM sales improved by double digits of 16.64% from 5,251 units sold in that month.
Yamaha has not seen much domestic demand for its R15 supersport bike. Sales dip was the steepest in this list at 50.09% YoY to 4,380 units last month even as sales had stood at a healthy 8,776 units in the same month last year. MoM sales too suffered a de-growth by 26.96% from 5,997 units sold in May 2025.
Yamaha Sales Breakup June 2025 – MoM
Aerox 155 was the only model in the company portfolio to register positive growth YoY which improved by 9.42% to 1,743 units. There had been 1,593 units sold in June 2024 which related to a 150 unit increase in volumes. R3/MT03, the company’s flagship offerings added 5 units to the June 2025 sales tally which was a 16.67% YoY decline.
Yamaha Q2 Sales – April-June 2025
The period April-June 2025 saw Yamaha motor sales at 1,37,329 units. This was a 28.40% YTD decline from 1,91,791 unit sales of the same period of 2024. It related to a volume de-growth of 54,462 units.
Every model on the company sales list suffered from lower sales on a YoY basis in Q2 analysis except for the R3/MT03. RayZR sales were down 15.40% to 41,480 units while FZ sales slipped by 7.34% to 37,228 units. MT15 saw a steep YTD decline of 46.49% to 21,182 units in the 2025 period whereas there had been 39,588 units sold in the same period last year.
Yamaha Sales Breakup June 2025 – Q2 CY2025
Fascino scooter sales dipped by 37.78% to 17,054 units from 27,408 units while the R15 suffered the steepest YTD decline by 49.65% to 15,285 units sold in the April-June 2025 period from as much as 30,357 unit sales of April-June 2024. The Yamaha Aerox too saw its YTD sales decline by 3.46% to 4,987 units while outstanding demand was reported for Yamaha R3/MT03, sales of which grew by 85.25% to 113 units in the past 3 month period over 61 units sold during same period of last year. More