Yamaha MT-125, 2020 >>>

Second generation:
Again Naked Bike versjon of the Sport Bike, YZF-R125 (second generation of that released previous year, 2019).

Upgrades:
New LCD Dashbord
LED Headlight
Assist & slipper clutch
New Engine with VVA (Variable Valve Actuation), Euro 5 compliant
140mm rear tire
Styling heavily revised (more inline with its bigger siblings in the MT range)

2023 Upgrade: New 5" colour TFT dash and mobile connectivity. Now gets traction control.

Yamaha MT-125, 2014-2019
 

Naked Bike version of YZF-R125 Sport Bike (the upgraded first generation, released same year),
except the Naked MT-125 has an upright riding position and street fighter design, taking its styling cues from it's MT-09 and 07 siblings. "so we have an already great bike, peppered with upgraded components, for less money than the faired version and naked. Also the fuel tank i smaller (shorter and more upright), with 2,3 litres less capasity.
The body chassis and engine lifted from its close brother YZF-R125 Sport Bike, both bikes shares many components