As a result of this agreement, Indian Oil has been appointed as the event’s title sponsor, which will take place at the Buddh International Circuit in Greater Noida from September 22 to 24.
42 teams and 84 riders will compete in the MotoGP, Moto2, and Moto3 classifications at the MotoGP Bharat, which is being organized by Fairstreet Sports in collaboration with Dorna Sports. Francesco Bagnaia, Marc Marquez, Marco Bezzecchi, Brad Binder, Jack Miller, and Jorge Martin are the prominent riders who will grace the event in India.
Pushkar Nath Srivastava, Founder and Chief Operating Officer of Fairstreet Sports, the promoters of MotoGP Bharat, said, “We are thrilled to welcome Indian Oil as our title sponsor for MotoGP Bharat. As we gear up for the country’s biggest racing event, this association with one of India’s energy giants adds a new layer of excitement. This association is a testament to Indian Oil’s commitment to supporting sporting excellence in India, and we believe that it will accelerate the growth of motorcycle racing in the country.”
Indian Oil is the top-ranked energy PSU in the country in the Fortune 500 of 2023, having built a footprint in nearly all of the country’s oil, gas, petrochemical, and alternative energy streams. The company has a long history of supporting many sports and competitions, and its partnership with MotoGP Bharat demonstrates its dedication to fostering a vibrant athletic culture in India.
According to Sponsor United’s ‘Motorsports Marketing Partnerships Report 2022-23,’ MotoGP arrangements grew by an impressive 32% in 2022. The addition of Indian Oil as the MotoGP Bharat’s title sponsor is another evidence of the burgeoning prospects for companies looking to build a position in this competitive sector.