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This Indian source seems to think that the R3 will be launched before the R25, although Indian sites do have a spotty reputation with truth telling!
Yamaha has confirmed to OVERDRIVE that the R25 production motorcycle is not slotted for Indian launch within this calendar year and other rumours say that it isn't even in the plan through most of 2015. This is obviously speculation but it ties neatly in with the notion of Yamaha being hard at work on an India-specific (with applications in other emerging and cost-sensitive markets) engine for the R3