Indian Grand Prix constructor associates Karun Chandhok

Aug.03 (GMM) Jaypee Sports International (JPSI), the company presently constructing the 5.14km long motor racing circuit at Greater Noida for next year's inaugural Indian Grand Prix, has announced its partnership with Hispania Racing's Formula One driver Karun Chandhok.

Under terms of the deal, estimated to be worth US$200,000, the Jaypee brand will feature on the cockpit side of Chandhok's car for the rest of the Formula One season, while Chandhok himself has been named brand ambassador.

Furthermore the Jaypee Group, a subsidiary of Jaiprakash Associates Limited (JAL), will enjoy exclusive rights to sell Hispania and Chandhok's merchandise in Uttar Pradesh and the National Capital Region.

Jose Ramon Carabante, HRT F1 Team owner, said, “We are very pleased to have a new company sponsoring us and supporting Formula 1. And the fact that next year India is expected to host a Formula 1 race also makes us happy. We want to welcome Jaypee Sports International to our team and hope we work positively together”.

Sameer Gaur, JPSI managing director, said, “We are very happy to be sponsoring Karun Chandhok in Formula 1. He is a talented racing driver and deserves all the support that we can provide. Apart from establishing our commitment towards F1, we also hope this move will provide a flip to the popularity of F1 racing in India and build excitement for the first F1 race that we hope to host in the country towards the end of next year.”

Karun Chandhok added, “It's a great privilege for us to have the Jaypee Group as a partner. They have taken the bold step to bring the Formula 1 World Championship to India next year and it's something I am very excited about. To be the Indian driver on the grid for the first Indian Grand Prix next year will be very special for me and I look forward to working with the Gaur family and their team at Jaypee to make sure the Indian Grand Prix is a huge success for all of us.”