An F1 India return is being discussed by Formula One Management, the Adani Group and the Indian government, but no race has been confirmed. Tax and customs concerns, circuit investment and a crowded calendar remain obstacles to bringing the championship back.

Key Takeaways

  • India hosted three Formula 1 grands prix at the Buddh International Circuit from 2011 to 2013.
  • A NITI Aayog task force has been assigned to address issues associated with F1’s earlier exit.
  • The Adani Group has acquired the circuit as part of a broader asset deal and is likely to invest in upgrades.

What an F1 India return would require

The Adani Group is viewed as a likely promoter for a race at the Buddh International Circuit in Greater Noida. It acquired the circuit along with other Jaypee Group assets for ₹14,535 crore and is likely to invest a further ₹300 crore to bring the venue up to international standards.

Potential promoters would also need to finance a race fee to Formula One Management and operating expenses. The estimated fee is $60 million to $80 million, and a long-term agreement would be needed to keep a race in India.

Tax and customs issues remain central

India’s earlier grands prix faced tax disputes, customs problems and financial difficulties at then-promoter Jaypee Group. Uttar Pradesh classified the race as entertainment rather than sport, adding as much as 40% in tax to tickets.

Before the first race in 2011, customs authorities sought upfront duty on F1 equipment. A late regulatory change allowed the event to proceed. The NITI Aayog task force includes representatives from the finance, external affairs and home ministries.

A crowded calendar complicates timing

The F1 calendar currently has 24 races, and Formula One Management and the teams have agreed on a maximum of 24 races until 2030. That leaves no open slot for India under the current limit.

Although 2028 has been discussed as an option, people familiar with the discussions suggest a return is unlikely before 2030 even if other obstacles are resolved. Neither date is a confirmed race commitment.

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