Vicky Chandhok today said he will not seek re-election as FMSCI President after being at the helm of affairs for seven years in two stints.
Chandhok, who played a key role along with the Jaypee Group in bringing Formula One to India, became President of the Federation for the first time in 2005 for a three year term and then got a four-year team in 2010.
Chandhok said that it was a hard and somewhat emotional decision not to stand for re-election.
"This is a difficult decision for me but after being President for 7 out of the last 9 years, and living and breathing Indian motorsport on a daily basis, it is time to pass the baton on," Chandok said in a statement.
"The federation has seen many wins over the past few years, including, most notably Formula 1 coming to India as well as the Asian Road Racing Championship for Bikes. There have been so many positive changes to Indian motorsport with the introduction of new championships, and I am glad to have played a pivotal role in making it happen," he said.
"Young drivers now have ample platforms to chart out their motorsport career starting from karting to F3 style cars. Rallying, a discipline where I personally spent many years competing, has now stabilised over the last 12 months. It has also been very heartening to see the support that organisers, promoters and competitors have extended to me personally, and the federation especially over the past couple of months."
"I will of course continue to be a member of the FMSCI managing council and look forward to lending my support to the new President and his team.
