In 2016, Yamaha reintroduced the MT-03, which is now based on the YZF-R3 sport bike.
The MT-03 received an update in October 2019. This refresh marks the first MT-03 to be made available in the United States. 
In 2019, Yamaha announced its new 2020 MT-03 edition. The new 2020 model now comes with differently tuned rear suspension and a new usd fork; an MT series exhaust; and an LED back-light. In addition to this, new items have been added to the multi-function panel making the upgraded dash more user-friendly. The bike also has an redesigned split seat. The model is expected to be available to purchase early 2020.
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