No more new products from Yamaha this year.
Citing an undisclosed source close to India Yamaha Motor, the report says that the there's no new Yamaha product arriving this year, and as for the Yamaha MT-03 specifically, that model isn't planned for India, even in 2017.
The Yamaha MT-03 is the naked version of the Yamaha R3 sold in India. The R3 itself isn't able to match up to its rivals, and given that the Indian market prefers fully-faired performance motorcycles, the MT-03 probably wouldn't make a big impact on Yamaha's business.
The Yamaha MT-03 measures 2,090 mm in length, 745 mm in width and 1,035 mm in height, and a wheelbase of 1,380 mm and a seat height of 780 mm. It's powered by a 321 cc liquid-cooled twin-cylinder engine that puts out 30.9 kW (42 PS) at 10,750 rpm and 29.6 Nm of torque at 9,000 rpm. This is the same engine employed in the R3, and routes power via a 6-speed transmission.