IOC to become the first Indian company to produce fuel for Formula 1 cars

Indian Oil Corporation or IOC, India's leading oil company, plans to manufacture production of fuel for Formula One racing within three months, expanding its range of specialty fuels.

IOC recently introduced 'Storm' petrol for the Asian region motorcycle road racing championship, marking its entry into manufacturing fuels for road racing.

"Today, we are partnering with FIM Asia Road Racing Championship for the supply of 'Storm'. We are the first company in India to manufacture fuel of specifications used in road racing," IOC Chairman Madhav Vaidya said.

"Our R&D (research and development) in two months will be able to produce Category-1 fuel and in three months Formula 1 fuel," he said."Unless we go to F1, the journey is not complete."

IOC further said that it will supply fuel for all the motorcyclists from 15 countries that will participate in the upcoming FIM Asia Road Racing Championship.

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