Yamaha Launches Ethanol-Ready FZ-Blue Flex at ₹1.24 Lakh Across Six States

India Yamaha Motor debuts the FZ-Blue Flex, a 149cc flex-fuel bike supporting E20 to E85, priced at ₹1,24,240 ex-showroom Delhi. Distributed via select Blue Square dealerships in Delhi, UP, Maharashtra, Karnataka, Telangana and Tamil Nadu, backing India's biofuel and carbon-neutrality push.

— Source publishedFri, 10 Jul, 2026, 22:51 IST·First seen Fri, 10 Jul, 2026, 22:53 IST·Source IndianWeb2

What happened

India Yamaha Motor launched the FZ-Blue Flex, an ethanol-ready flex-fuel bike priced at INR 1,24,240 (ex-showroom Delhi), sold through select Blue Square

Key facts

  • INR 1,24,240
  • 149cc
  • E20 to E85
  • 8.6 kW
  • 12.8 Nm
  • 5-speed

Why this matters

The FZ-Blue Flex positions Yamaha to partner with ethanol suppliers and biofuel-infrastructure players, opening potential co-marketing or supply agreements tied to India's carbon-neutrality agenda.

What to watch

  • Monthly FZ-Blue Flex registration/VAHAN volumes in the six states
  • E20-E85 retail pump count growth vs launch baseline
  • Ethanol pump-price differential vs petrol
  • Competitor flex-fuel launch announcements
  • Any GST or subsidy notification for flex-fuel vehicles
  • Dealer discounting or inventory buildup signals
  • Yamaha bundles fuel-finder app and extended warranty to de-risk ethanol availability anxiety
  • OMCs (IOC/BPCL/HP) accelerate E20+ pump rollout in the six launch states
  • Competitors (Hero, TVS, Bajaj) announce flex-fuel prototypes or roadmaps within 2-3 quarters
  • Blue Square dealers push corporate/fleet and delivery-partner tie-ups for volume
  • Government signals purchase subsidy or road-tax waiver for flex-fuel two-wheelers