FEBRUARY 22, 2009
Renault looking to India for new sponsorship
Renault F1, which will lose title sponsor ING at the end of the season, is looking to India for a replacement. There are reports in the Indian media that a senior official in Renault India has confirmed a sponsorship approach to "a major Indian multinational".
Renault F1, which will lose title sponsor ING at the end of the season, is looking to India for a replacement. There are reports in the Indian media that a senior official in Renault India has confirmed a sponsorship approach to a major Indian multinational
.
Indian companies are becoming targets for the F1 teams following Vijay Mallya's establishment of the Force India F1 team and plans for an Indian GP in 2011. Ferrari already has a deal with software firm Tata Consultancy Services.
There is speculation as to who might be involved but prime targets are likely to include Reliance Industries, which is a highly diversified corporation involved in oil and petrochemicals, clothing and food. There is also ONGC, the state-owned Oil and Natural Gas Corporation, the most profitable corporation in India; Bharti Airtel, India's largest cellular service provider; and the high technology companies Wipro, Infosys, Satyam and HCL Technologies.