Chandhok confident Indian GP will survive
July 30, 2013 -- Updated 1350 GMT (2150 HKT)
The Buddh International Circuit has hosted Formula One races since 2011.
- Karun Chandhok confident Indian Grand Prix has a future in Formula One
- F1 supremo Bernie Ecclestone says race will "probably not" take place in 2014
- Russia, New Jersey and Austria are all set to be added to F1 in 2014
- The Indian Grand Prix was first staged in 2011
(CNN) -- A consultant for the Indian Grand Prix remains confident the race has a future, despite admitting it is unlikely to take place in 2014.
Formula One supremo Bernie Ecclestone cast doubt over the future of the race at the Hungarian Grand Prix by saying,"Is India going to happen next year? Probably not."
Karun Chandhok was a driver for the HRT team in 2010 and is the son of the Federation of Motor Sports Club chief Vicky Chandhok.
Read: Ferrari chief rebukes Alonso
F1: 2013 season preview
The Monaco Grand Prix has been held in the picturesque principality of Monte Carlo on the French Riviera since 1929 and the race remains the jewel in Formula One's crown.
Monaco Grand Prix
The important role of motorsport's marshals has been highlighted by the death of Canadian Mark Robinson as Esteban Gutierrez's Sauber was removed from the track after the 2013 Canadian Grand Prix.
Motorsport's silent heroes
While saying it would be a shame to lose the race which only made its F1 debut in 2011, Chandok is confident there is a future for elite motorsport at the Buddh International Circuit.
"It'll be a shame if we do lose the grand prix, there's no question about it," Karun Chandhok told CNN.
"One scenario we are trying to evaluate is if we have to miss out on 2014 to then try and extend the existing contract, which is for five grands prix.
"Take a sabbatical for a year and try and solve these issues, whatever they may be, ahead of 2015 and 2016."
Read: Hamilton's first Mercedes win
Chandhok and his father have held talks with Ecclestone, who they believe remains keen on keeping F1 in India.
But competition for a spot on the sport's world tour is fierce, with grands prix in New Jersey and Russia set to debut in 2014.
Austria also looks set to return as a grand prix venue for the first time since 2003.
"Bernie is spoiled for choice," added Chandhok. "I think Formula One is in demand. You've got Sochi coming on, Austria's already been announced.
"We both spoke with Bernie. He likes India, he likes the Indian Grand Prix, he would like to see it carry on. There are a few issues and hurdles that need to be crossed."
"It'll be a shame if we do lose the grand prix, there's no question about it. There's been a huge amount of work that has gone in to getting us where we are today."
Today's five most popular stories
Part of complete coverage on
Track the buzz of the 2014 Formula One season, race by race, with all the latest social reaction from motorsport experts.
October 21, 2014 -- Updated 0958 GMT (1758 HKT)
He's paid millions to drive one of the world's fastest cars, and he's one of F1's most colorful characters, but Kimi Raikkonen loves normality.
October 12, 2014 -- Updated 1745 GMT (0145 HKT)
It took a little longer than expected but MotoGP's young star Marc Marquez wraps up his second world title in Japan.
October 9, 2014 -- Updated 1039 GMT (1839 HKT)
Rising star Daniil Kvyat made history as the home hero at F1's first Russian Grand Prix, ahead of next season's move to Red Bull.
September 19, 2014 -- Updated 1358 GMT (2158 HKT)
Take the fittest driver in Formula One and test him against two of the world's leading triathletes in a high-performance laboratory.
September 5, 2014 -- Updated 1604 GMT (0004 HKT)
Mercedes has the fastest two cars in Formula One this season but there is just one problem -- there can only be one world champion.
He's the best of the rest -- Daniel Ricciardo has been Formula One's surprise package in the first half of the 2014 season.
July 24, 2014 -- Updated 1135 GMT (1935 HKT)
Formula One is not likely to go hungry in Hungary as master chefs cater in volume for drivers, teams and VIP guests.
July 3, 2014 -- Updated 1443 GMT (2243 HKT)
It's the elephant in the room of Formula One. What's the prognosis legendary driver Michael Schumacher?
May 23, 2014 -- Updated 2310 GMT (0710 HKT)
It stimulates all five senses, creating an unparalleled experience for drivers and fans alike. Take a tour of Monaco with Mark Webber.