“While India is a valuable market for Formula 1’s continued growth with an amazing passionate fanbase, we won’t be racing there in 2027. Interest in hosting Formula 1 events has never been stronger, and there is a limited number of spaces on the calendar,” an F1 spokesperson said, as quoted PlanetF1.com.
The statement does not completely close the door on India hosting a race again in the future, but it makes clear that a comeback will not happen as quickly as some had hoped.
India previously hosted three Formula 1 grands prix between 2011 and 2013 at the Buddh International Circuit. The venue was well received by drivers and fans, but the event disappeared from the calendar due to financial, tax and administrative problems. At the time, Formula 1 was classified by Indian authorities as entertainment rather than sport. That created several complications, including tax disputes, customs charges for imported equipment and difficulties for promoters transferring race fees to Formula 1.
Former promoter JPSK Sports, part of the Jaypee Group, was also reported to owe significant unpaid fees after the event ended.