"With all-new engine and chassis designs, the YZF-R3 sports a solid combination of class-leading power and a lightweight body that achieves high levels of riding performance and styling worthy of the 'superbike' moniker," Yamaha said in a statement.

The team had put all their engineering skills and passion into developing this model and achieved especially notable results in areas like high-speed performance, passing acceleration and thoroughly enjoyable performance on winding roads, Yamaha Motor India Sales Pvt Ltd Managing Director Masaki Asano said.

The company said the new R3 model being launched in the country will be assembled at India Yamaha Motor's plant from the completely knocked down (CKD) sets.

"Currently the Supersports segment (250cc to 600cc) is doing around 1,000 bikes a month and the plan is to attain a 20 per cent market share in the segment," Yamaha Motor India Sales Pvt Ltd Vice President- Sales & Marketing Roy Kurian said.

The company's YZF-R series includes YZF-R1 (998cc) super-sports flagship model, followed by the YZF-R6 (599cc), YZF-R25 (249cc), YZF-R15 (150cc), and YZF-R125 (125cc) bikes.

The 'YZF-R3' bike will be available at select authorised Yamaha dealerships in two colours - racing blue and black lightning.

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