MotoGP Bharat concludes with record-breaking business worth over Rs 9.3 billion

UP govt successfully wraps up the MotoGP Bharat. The event generated a record revenue of over Rs 9.3 billion

Parul Parul     September 26, 2023

MotoGP Bharat drew over a lakh people from India and around the world to the Greater Noida-based Buddha International Circuit for the much-anticipated event, which was hosted by India for the first time. The event also generated a record amount of revenue of Euro 106 million or Rs 9.3 billion (Rs 9,337,646,000) in business.

It’s worth noting that 82 riders from 41 teams from across the world delighted Indian spectators with their speed during the MotoGP, Moto2, and Moto3 races conducted at the Buddha International Circuit from September 22 to 24.

More than a lakh people flocked to the Buddha International Circuit in Gautam Budhh Nagar, Uttar Pradesh, to enjoy the thrill of the high-profile race, which was held in India for the first time. Among the one lakh guests were 10,000 to 15,000 overseas visitors.

The majority of people were there on the day of the Moto GP final race, which Marco Bezzecchi won. Around 50,000 people saw the thrilling race. Nearly 30,000 witnessed race on second day, while 15,000 people came to see it on Friday. Thousands of visitors had also flocked to the location on September 21 to see the practise race.

There were also approximately 5,000 foreign staff members present at the Buddh International Circuit with the teams, as well as around 150 international and national media personnel to cover the event.

MotoGP has received widespread praise on social media. A social media user Hardik Bhavsar wrote, “The speed of the bikes of champions from all over the world in the Moto GP at Buddha International Circuit in Noida is worth seeing. Everyone is seen competing fiercely to outdo each other. This is an excellent opportunity for branding Uttar Pradesh.”

Another user Vikas Singh wrote, “Looking at the hidden possibilities from a business perspective, including investment, tourism, and industry, in the MotoGP 2023 racing event, people from India and abroad have praised the UP government’s work.”

The economic activities through MotoGP have benefited a variety of sectors in Greater Noida, including the hotel industry, restaurants, transportation, and hospitality, among others. The long-term implications of this event are unknown, but several large businesses are considering expanding their operations in Uttar Pradesh in response to CM Yogi’s appeal, and the success of MotoGP could play a crucial role in this.