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After Ninja 250 and CBR 250R came to Indian market, now next turn is Yamaha 250 CC bike will be produced, but it's for year 2014.

YZF R4

The Yamaha India CEO, Hiroyuki Suzuki had confirmed it. He said that the Yamaha 250 cc bike takes YZF R125 as a basic design.. not YZF R15 V2.0 as a phenomenal 150 cc bike in India.
i think, Yamaha is too late to penetrate the market of 250 cc bike to fight for Ninja and CBR