it all boils down to one thing, do you want a engine guard and body graphics or not. If you want then you can go for FZS Fi V3, if not FZ Fi V3.

India Yamaha Motor launched the all-new FZ V3.0 on 21 January with a ... paint schemes with silver accents and graphics. The BS6 engine on the Yamaha FZ V3.0 will reportedly develop more power ...

But if you notice closely you will see that the body graphics would be present in FZS Fi V3 which is not there in FZ Fi V3. Also a big difference is that there is engine guard present in FZS Fi V3 ...

The new motorcycle finds itself in a very competitive segment, which includes the new Hero Xtreme 160R, TVS Apache RTR 160 4V, Suzuki Gixxer, Yamaha FZ V3.0 and the Bajaj Pulsar NS160. We’ve ...