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The Indian Formula 1 Grand Prix will be dropped from the 2014 calendar with organisers aiming to return to the sport in 2015.
Chief executive of local promoter Jaypee Sports International (JPSI), Sameer Gaur, said: "If F1 management wants us to hold our race in March 2015 we don't have any problem with that."
Indian media quoted JPSI vice-president Askari Zaidi as confirming the GP would skip a year since holding it in March 2014 would not be commercially viable so soon after the 2013 race in October.
FIFTH EDITION FOR 2016
Zaidi: "It has been postponed till March 2015 and there is an understanding that the fifth edition will be held in March 2016."
The first race at the Buddh International circuit near New Delhi was held in 2011 with JPSI agreeing a five-year deal with F1 supremo Bernie Ecclestone.
Ecclestone is due to present the 2014 calendar to the governing International Automobile Federation for approval in September, with teams reluctant to go to more than 20 races.
The 2013 calendar has 19 races with Austria due to return in 2014 and new grands prix in Russia and New Jersey are also scheduled.
Vicky Chandhok, the head of the Federation of Motor Sports Clubs of India, said Gaur and F1 management were working to "iron out the calendar and other related issues for the future".
Gaur said: "With the 2014 F1 Indian being abandoned in favour of an early 2015 date let's remember that it's privately funded by JPSI," he added on Twitter.
Stay with Wheels24 for the 2013 F1 season – fresh reports every day.
Chief executive of local promoter Jaypee Sports International (JPSI), Sameer Gaur, said: "If F1 management wants us to hold our race in March 2015 we don't have any problem with that."
Indian media quoted JPSI vice-president Askari Zaidi as confirming the GP would skip a year since holding it in March 2014 would not be commercially viable so soon after the 2013 race in October.
FIFTH EDITION FOR 2016
Zaidi: "It has been postponed till March 2015 and there is an understanding that the fifth edition will be held in March 2016."
The first race at the Buddh International circuit near New Delhi was held in 2011 with JPSI agreeing a five-year deal with F1 supremo Bernie Ecclestone.
Ecclestone is due to present the 2014 calendar to the governing International Automobile Federation for approval in September, with teams reluctant to go to more than 20 races.
The 2013 calendar has 19 races with Austria due to return in 2014 and new grands prix in Russia and New Jersey are also scheduled.
Vicky Chandhok, the head of the Federation of Motor Sports Clubs of India, said Gaur and F1 management were working to "iron out the calendar and other related issues for the future".
Gaur said: "With the 2014 F1 Indian being abandoned in favour of an early 2015 date let's remember that it's privately funded by JPSI," he added on Twitter.
Stay with Wheels24 for the 2013 F1 season – fresh reports every day.