Yes, the Yamaha R15 V4 is a great choice for hilly areas. It has an impressive power to weight ratio and its lightweight frame makes it ideal for navigating hilly terrain. The engine is tuned to deliver ample power and torque even in low revs, making it an ideal choice for hilly roads. The suspension is also quite capable, allowing you to tackle bumps and rough patches with ease. You also get a host of advanced features like ride-by-wire throttle, dual-channel ABS and slipper clutch. All in all, the Yamaha R15 V4 is a great bike for hilly areas.