Yes the Yamaha R1 and MT01 are finally launched in India. Both are six-gear road machines and share the same ex-showroom price at Rs10.5 lakh each. The bikes are available in New Delhi, Chennai, Bangalore and Ahmedabad initially.

    “We are also planning to market these bikes in Mumbai, Pune and Chandigarh in the near future. In fact, we plan to sell these bikes in 10 cities within six months. We have a network plan to distribute these bikes through 50 outlets across the country by 2010”

said P. Sam, Yamaha Group head, marketing & sales. on the sidelines of the launch. The company has annual target of selling 400 to 500 units of the newly launched machines.

Both bikes are amongst the best Yamaha has to offer. The R1 is all about power and speed, while the MT01 has loads of torque.
Detailed tech specs
http://kedarparikh.blogspot.com/2007/12/yamaha-yzf-r1-and-mt01-launched.html

You can also check the details on Yamaha India website (takes quite long to load but great stuff, techspecs, history, wallpapers, dealer info etc)
http://www.yamaha-motor-india.com/index.shtml

The problem is import duty which shoots the price and not the price itself.......


But the good news is ... soon we will see locally manufactured 250cc+ bikes

Wait for the Auo Expo in jan