Britain's Hill, who became the F1 champion in 1996 after finishing runner up to German ace Michael Schumacher over the previous two years, would be in Mumbai from January 16 till the race day.
He hopes to inspire the younger generation of Indian sportsmen to work hard for glory, said a media release today.
Hill has had 122 Grand Prix entries, 22 GP wins, 42 podiums, 20 pole positions and 19 fastest laps in his career.
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