The Indian Grand Prix in Formula One isn't spoken about much because there were only three races between the years of 2011 and 2013. You could say there's not really been a demand for it to return, either. That is until now, because there’s some suggestion MotoGP could well revive the thirst for F1 in India.
MotoGP Bharat has proven to be a huge hit within the sport of motorbike racing and with fans and spectators. So naturally, this has led to many questioning whether there would be a similar reaction if F1 returned to India after a decade away. And there are suggestions that this has progressed further since the conclusion of MotoGP Bharat.
The popularity and potential revenue from traditional sources, including sponsorship and betting, have always been a serious consideration. Sponsorship deals are often multi-million dollar agreements, and betting, especially Formula 1 betting, is serious business. All this will be taken into consideration before anything is finalised, but it could be seriously beneficial for India as well as great for Formula One fans in the country if the action were to make a comeback at the Buddh International Circuit.
According to reports, talks have been happening in the background with Formula One and senior officials representing the Yamuna Expressway Industrial Development Authority, also known as YEIDA, about reprising the Indian Grand Prix from the year 2025 onwards. So there’s plenty of time to get a deal finalised ahead of plans for that season being put in place.
As mentioned above, Formula One debuted in India in 2011, but there were only three races between then and 2013 before things came to an incredibly abrupt end. And, it was a shame because India is a country where F1 has a lot of fans, who were rightly disappointed to see F1 India so short-lived.
The decision to pull out of Formula One in India came as a result of a decision made by the UP Government. There was an agreement in place for race organisers to be totally exempt from entertainment tax, with this decision crucial to getting F1 up and running in the country. However, the UP Government, post F1 India 2013, reneged on their agreement and decided to withdraw the exemption, which would mean organisers would have then been liable to pay a lot in the form of entertainment tax, which made the event not financially viable.
However, following on from MotoGP Bharat, the CEO of YEIDA, Arun Vir Singh, has stated himself that talks are underway and they will be ramped up further soon. He also pointed out that both MotoGP and Formula One have privately held commercial rights, which would be discussed, too. It does appear as though the ultimate aim is to see both MotoGP and Formula One taking place at the Buddh International Circuit annually. Signh suggested the feat would be a “significant achievement” if it became a reality, but it will depend on how talks progress between all parties.