Yamaha Motors might be planning for MT-03 derived from its recently launched MT-25, gaining the same extra capacity just like Asian-markets Yamaha R-25 becoming R-3 for the European market.
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It is expected that the MT-03 will look identical to the MT-25 shown by Indonesian Yamaha website.
The leaked pictures revealed little slotted rings at the front and rear wheel which are meant for the ABS and it is expected the European version of the naked bike will carry it as a standard offering and may be as an option in India.
At the moment theres no ABS version of the MT-25, but since all new bikes over 125cc launched from 2016 onwards (and all existing carry-over models from 2017) sold in Europe must be fitted with ABS.
According to the photos leaked on internet it seems that the bike has almost been developed, chances of it being displayed at the 2016 Auto Expo are high.
News Source: MT-03 revealed

It is expected that the MT-03 will look identical to the MT-25 shown by Indonesian Yamaha website.
The leaked pictures revealed little slotted rings at the front and rear wheel which are meant for the ABS and it is expected the European version of the naked bike will carry it as a standard offering and may be as an option in India.
At the moment theres no ABS version of the MT-25, but since all new bikes over 125cc launched from 2016 onwards (and all existing carry-over models from 2017) sold in Europe must be fitted with ABS.
According to the photos leaked on internet it seems that the bike has almost been developed, chances of it being displayed at the 2016 Auto Expo are high.
News Source: MT-03 revealed