The team’s new owner Vijay Mallya wants to re-brand the team, giving it its fourth name in as many years. It will continue to be based near Silverstone circuit in the UK.
Indian drivers Karun Chandok (GP2) and Narain Karthikeyan (Williams F1 tester) have been linked to drives with the team.
It is not the first time a team has been used the name of a nation. Past examples include British Racing Motors, British Racing Partnership, British American Racing, Ecurie Nationale Belge and English Racing Automobiles.
Photo: Spyker / Egmond