Motorsports, specifically Formula 1 (F1), had incurred losses running into millions of dollars in 2020. During the first half of the F1 season, in 2021, it ran amidst the absence of live spectators and decreased media coverage and sponsorship. The sport eventually recovered in the following year and registered a revenue growth of 12 per cent. MotoGP, another globally popular motorsports, had to cut down its 2021 calendar of 20 races to 14 races.
India presently has three FIA approved racing tracks – Buddha International Circuit (BIC) in Greater Noida, Madras Motor Race Track (MMRT) in Chennai and Kari Motor Speedway (KMS) in Coimbatore. Although BIC is the only race track in India to host F1 races, MMRT, KMS and several other tracks like Mohite Racing Academy in Kolhapur, Chicane Circuit in Hyderabad and Meco Kartopia in Bangalore host national racing events and championships.
Link to the interview: Motorsports during Covid-19 with British Journalist David Addison – YouTube
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