- IndyCar reportedly plans to offer both manufacturers charters
- Honda had previously criticised the accelerating costs of the series
IndyCar owner Penske Entertainment has agreed terms with Chevrolet and Honda for the pair to remain as engine suppliers in the series, according to Racer.
Both manufacturers’ current contracts expire at the end of this season and there has been persistent speculation over the future participation of Honda in particular, amid concerns from the Japanese company about the rapidly rising costs of competing in the championship.
The length of the extensions have not been reported, though previous agreements have typically run for around three years. However, IndyCar’s plans to offer charter memberships for engine manufacturers could encourage longer-term commitments.
Rather than continuing in what has at times felt like a one-sided arrangement, charter status would give manufacturers access to team-owner meetings that help shape the strategic direction of the series.
With a new engine formula set to debut in 2028, the move could also enhance IndyCar’s appeal to additional manufacturers. The current charter agreement is inclusive of 2031, potentially offering a clue as to the duration of the new commitments from Chevrolet and Honda.
The reported extensions also suggest that IndyCar has now finalised the regulations for the 2.4-litre twin-turbo hybrid V6 engines due to be introduced in 2028.
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