P1racenews AI automatic summary:
Formula 1 and Formula One Management (FOM) are said to be interested in returning to India, as the sport continues
Previously, the Buddh International Circuit, near Delhi, hosted the Indian Grand Prix from 2011 to 2013, but due to a taxation dispute, the race was removed from the F1 calendar. The Government’s decision to tax the event, combined with logistical, financial, and bureaucratic issues, led to the Indian GP being put on hold. F1 journalist Joe Saward’s reports suggest that Formula One Management (FOM) is eager to bring back the race to India in the near future as part of its strategy to expand the F1 calendar to profit from global interest, like in Miami, Las Vegas, Qatar, and Saudi Arabia. Despite challenges, India’s strong economic position and large population make it an appealing market for FOM, especially after the successful MotoGP debut at the Buddh circuit. Racing Promotions Private Limited (RPPL) is actively working to rejuvenate India’s motorsport scene, despite setbacks like the canceled Hyderabad E-Prix and the postponed Chennai Formula 4 night race. While FOM eyes India for a potential Grand Prix, hurdles remain in solidifying these plans due to the already packed 2024 F1 calendar and increasing interest in race venues in other locations globally.
