Organisers of the Indian Grand Prix are hoping to return to F1 in 2015 after it was dropped from next year's calendar.
Formula One surpremo Bernie Ecclestone claimed a clash in dates suggested by FOM and local promotor Jaypee Sports International (JPSI) led to the decision to axe the race.
"When we signed the five-year deal with Jaypee, we were keen on going to India in the first half and Jaypee wanted it to be in October," Ecclestone told the Times of India.
"We gave in at that time, but now it looks we will have the race early 2015."
However, there have also been reports that the high customs duties and corporation and personal tax being levelled at the teams and drivers played a major role.
JPSI, though, didn't divulge further when it announced that the F1 community will not travel to India next year.
"If Formula One Management wants us to hold our race in March 2015 we don't have any problem with that," said Sameer Gaur, chief executive of local JPSI in a statement.
It added: "It has been postponed till March 2015. And there is an understanding that the fifth edition will be held in March 2016."
Despite the axing of the Indian race, the 2014 calendar is set to remain 20 races with Austria making a comeback while spaces still need to be found for Russia and New Jersey.