The Yamaha MT-03 is a prominent model in the hyper-naked motorcycle segment, appealing to both novice riders and seasoned enthusiasts. Launched in India as part of Yamaha's strategic expansion, the MT-03 is priced at approximately ₹4,60,000 (ex-showroom) as of January 2025. This model shares its underpinnings with the Yamaha R3, utilising a similar engine and chassis configuration while offering a more upright riding posture and minimalist aesthetics that enhance its streetfighter character. The MT-03 is particularly adept for urban commuting, striking a balance between performance and comfort that meets the demands of Indian riders.

At the core of the MT-03 is a 321cc liquid-cooled, parallel-twin engine that generates 42 PS at 10,750 rpm and 29.5 Nm of torque at 9,000 rpm. Power is transmitted via a six-speed manual gearbox, facilitating smooth acceleration and responsive handling. With a kerb weight of approximately 167 kg, it remains manageable for riders across different skill levels. The motorcycle features dual disc brakes and a dual-channel ABS, ensuring dependable stopping power under varied conditions. It boasts a fuel tank capacity of 14 litres and offers an average mileage of around 26.31 kmpl, which is commendable for its category. The digital instrument cluster presents vital information such as speed, fuel level, and trip data, enriching the riding experience.