Yamaha has announced that it is launching the 250cc version of the FZ motorcycle. The vehicle will be locally made and will fill the gap between the existing FZ 150 and the 300cc Yamaha R3. It is likely to be priced below INR 200,000. The model is to compete with the Honda CBR 250, Bajaj Dominar 400, KTM Duke 390, Benelli TNT 25, Mahindra Mojo and Royal Enfield Himalayan.