On September 21, 2022, MotoGP commercial rights owner Dorna signed a Memorandum of Understanding (MOU) with Noida- based race promoters Fairstreet Sports to host the premier 2 wheel racing event in India for the next 7 years.
Riders from 19 countries will participate in this event. Buddh International Circuit was once home to the Formula 1 Indian Grand Prix, which was held for 3 consecutive years from 2011 to 2013, before being closed due to financial, income tax and bureaucratic constraints.