Ecclestone, Jaypee confirm no Indian GP in 2014 - Jaypee, later in the day, more- Navbharat Times Photodhamal

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Jaypee, later in the day, more or less came around to Ecclestone's view. Sameer Gaur, managing director, Jaypee Sports International (JPSI), said that he would have preferred the race in the festive season, but if the F1 management wants it in the beginning of the season, he has no objection.

In This Pic : Indian F1 race

Pic Courtesy : Getty Images

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"October-November suits us weatherwise and it is also a festive season. But if Formula One Management (FOM) wants us to hold our race in March 2015, we don't have any problem with that," said Gaur. A JPSI source added that the decision was arrived at after prolonged discussions with Ecclestone.

In This Pic : Indian F1 race

Pic Courtesy : Getty Images

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"It (hosting one race in October 2014 and another in early 2015) was too close. Therefore, after speaking to promoters, we think it is best not to have a race in 2014 and have one in 2015," said Ecclestone, who will present the 2014 calendar to the governing International Automobile Federation ( FIA) in September.

In This Pic : Indian F1 race

Pic Courtesy : Getty Images

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However, Malaysia hosted two races in a short span of time when it organised the last race of 2000 in October and from the following year onwards the round is being held in March.

In This Pic : Indian F1 race

Pic Courtesy : Getty Images

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Asked about the challenges facing the Indian Grand Prix, Ecclestone said: "There are issues that need to be sorted out in your country. I hope the organisers are able to deal with it at the earliest."

In This Pic : Indian F1 race

Pic Courtesy : Getty Images