Yamaha has given a big price cut to its two popular premium motorcycles — the R3 and MT-03 — in India. The prices of both bikes have been reduced by ₹20,000, making them more attractive for motorcycle lovers who were waiting for the right time to buy.
New GST Slab Brings Big Savings
The price cut is mainly due to the new GST structure for motorcycles in India. The government recently lowered the GST on bikes below 350cc from 28% to 18%, making this segment more affordable.
Yamaha R3 and MT-03 both have engines under 350cc, so they also benefit from this tax reduction. As a result, their ex-showroom prices have dropped notably, giving buyers a clear advantage.
New Prices After Reduction
After the new price revision:
- 🏍 Yamaha R3 is now priced at ₹3.39 lakh (ex-showroom).
- 🏍 Yamaha MT-03 now costs ₹3.30 lakh (ex-showroom).
This is not the first time Yamaha has reduced their prices. Earlier in January 2025, the company had cut prices by a massive ₹1.10 lakh, making both bikes far more affordable than their initial launch price in 2023.
Premium Bikes with Lively Performance
Both R3 and MT-03 share the same 321cc twin-cylinder engine and chassis platform, but they offer different styling and riding positions.
- The R3 is a fully faired sports bike, ideal for riders who love track-style or highway rides.
- The MT-03 is the naked streetfighter version, giving a more upright and city-friendly riding experience.
The engine is smooth and powerful, delivering a refined and thrilling performance that stands out in the 300cc segment. Their lightweight build and excellent handling make them fun and easy to ride, even for intermediate riders.
Tough Competition but Now Better Value
Initially, the high prices of the R3 and MT-03 made them less appealing compared to rivals like the Aprilia RS 457 and Tuono 457, which offered more power at a lower cost.
With this latest price cut, Yamaha has brought the pricing closer to the competition, making these bikes a much better value proposition. Riders who prefer Japanese engineering, smooth twin-cylinder engines, and Yamaha’s reliability may now see these bikes as smart choices.
Our View on the Price Cut
This price reduction is a smart and timely move by Yamaha. The R3 and MT-03 are excellent machines, but their earlier pricing was a barrier for many buyers. With the government’s GST cut and Yamaha passing on the benefits, more enthusiasts can now own these premium bikes.
It also shows Yamaha’s intent to stay competitive in India’s growing mid-capacity motorcycle segment, which is seeing increased interest from young riders.
Conclusion
The ₹20,000 price cut on Yamaha R3 and MT-03, combined with the earlier major price reduction, has made both bikes significantly more affordable and attractive. Their refined engine, premium quality, and enjoyable riding dynamics make them strong contenders in their segment once again.
With this pricing strategy, Yamaha is clearly aiming to win back attention from riders who earlier looked away due to high costs. This move is likely to boost sales and bring more R3 and MT-03 motorcycles onto Indian roads in the coming months.
FAQs
Why did Yamaha reduce the prices of R3 and MT-03?
The price cut is mainly due to the new GST reduction for motorcycles below 350cc, which went from 28% to 18%.
What are the new prices of Yamaha R3 and MT-03 in India?
The Yamaha R3 now costs ₹3.39 lakh and the MT-03 is priced at ₹3.30 lakh (ex-showroom).
Do both bikes have the same engine?
Yes, both R3 and MT-03 share the same 321cc twin-cylinder engine and chassis but have different body styles and ergonomics.
How much was the earlier price cut in January 2025?
In January 2025, Yamaha had reduced the prices by ₹1.10 lakh, making the bikes much cheaper than at their launch.
Are these bikes good for beginners?
Yes, both bikes are suitable for intermediate riders. They offer a good balance of power, smooth performance, and easy handling.