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Will Formula E revive Indian motorsport?

Source: PTI   -  Edited By: Harish Kotian
July 10, 2022 16:54 IST
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IMAGE: The inaugural Formula E race in Hyderabad is scheduled for February 11 next year, joining the likes of New York, London and Rome on the calendar. Photograph: Handout/Jaguar Racing via Getty Images

Formula E's entry into India next year will mark the return of a major motorsport event in the country and the development has already started to draw an 'unfair' comparison with the F1 cars that last raced in Noida on the outskirts of Delhi in 2013.

 

Vicky Chandhok, who was heading the India motorsports federation when Formula 1 cars vroomed at the Buddh International Circuit for three seasons, aptly sums up the similarities (or the lack of) between the 'pinnacle of motor racing' and Formula E, an all electric racing series that has made rapid strides since its debut season in 2014.

"There is nothing common in the two cars except four wheels, a steering wheel, a break pedal and a throttle. F1 is the pinnacle of motorsport and after that comes Formula 2 and Formula 3 (both F1 feeder series) in terms of performance.

"Formula 1 cars run on internal combustion engine and you can't compare to an electric motor used in Formula E. Having said that, Formula E coming to India is fantastic as it puts us back on the world motorsport map," Chandhok said.

In terms of speed, scale, budget, popularity, there is simply no comparison between the two FIA sanctioned World Championships, one a 72-year-old series and the other only eight years old.

With electric cars expected to fill public roads over the next 10-15 years, Formula E is 'racing with a purpose', while Formula 1 is the epitome of performance.

When it comes to top race speed, the turbocharged Formula 1 machines can touch speeds in excess of 360kmph while the Gen 3 Formula 2 cars, which will be introduced next year, can go up to 320 kmph.

The current Formula E cars have maximum speed of 280 kmph. Besides that, there is a huge difference in cornering speeds as well.

A Formula E car is designed to race on street circuits around the world with focus on sustainability than speed.

The inaugural race in Hyderabad is scheduled for February 11 next year, joining the likes of New York, London and Rome on the Formula E calendar.

IMAGE: The low costs in Formula E have attracted major auto manufactures, including Porsche, Mahindra, Nissan, Jaguar, and most recently, McLaren to test their electric programs. Photograph: Handout/Jaguar Racing via Getty Images

With Liberty Media taking over the ownership of Formula 1 in 2017, the viewership numbers have seen a massive increase. With the 2021 season going right down to the last lap, more than 1.5 billion watched the epic title fight between Max Verstappen and Lewis Hamilton over the course of the 22-race season.

In contrast, Formula E reportedly drew 316 million viewers last year over a 17-race season. The series had seen a high of 419 million in the 2018-19 season before the pandemic hit the world.

The top Formula 1 teams used to spend in excess of US$ 200 million in a season until budget cap was introduced which has limited the spending of all teams to $145 million.

On an average, a Formula E outfit spends around $15 million in an entire season. The low costs have attracted major auto manufactures, including Porsche, Mahindra, Nissan, Jaguar, and most recently, McLaren to test their electric programs.

"From a manufactures point of view, it is a fantastic series to compete with each other in identical chassis. We will get to see the Tata owned Jaguar and Mahindra racing against each other next year," said Chandhok.

Chandhok, who as a racer and administrator has seen Indian motorsport for decades, has his doubts if one race can actually make a difference.

"From an event point of view, it will surely increase the awareness around motorsport in the country but I think it will just come and go. It won't give any boost to Indian motorsport," Chandhok reckoned.

More than the customs, it was the issue of taxation that had scared away F1 from India nine years ago. The financial health of race promoter Jaypee Group also became a factor.

While the Formula E race is fully backed by the state government of Telangana, the series officials will also have to deal with the central government before their arrival.

"Those issues in Formula 1 were more related to tax. We have very good tax advisors, we know the challenges, we know the potential risks and liabilities that we have.

"We have done our homework on that front. If all goes to plan, I see a long term future for us in India," Formula E co-founder Alberto Longo had said last month.

There is still a lack of clarity over whether Formula E teams will be taxed, but the single window for customs clearance should make the entry of equipment easier.

The state government and central government will also need to be on the same page for smooth conduct of the event.

"With the state government involved this time, there will be no messing around. When Formula 1 left India, custom clearance was the smallest of the problems. Notices from tax department to F1 teams, drivers and F1 itself scared them away.

"I hope the political differences of state and centre won't become a stumbling block. I vividly remember the Jaypee Group had to pay Rs 10 crore towards the National Sports Development Fund every year to get the central government's approval. Once the approval came three days before the race.

"India will be hosting a Formula E race which is the newest technology of racing and we should be proud of that. It is going to give us global eyeballs," added Chandhok.

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Source: PTI  -  Edited By: Harish Kotian© Copyright 2022 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

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