Just days after it was confirmed that the team is to lose its title sponsor ING at the end of the upcoming Formula 1 campaign, Renault has revealed that it is in discussions with a 'major' Indian company that could fill the void.

There has been much speculation in the motorsport world both before and since ING's announcement that Renault will be the next of the global credit crunch's F1 victims, in the wake of falling car sales and a 2009 season that - unless there are dramatic improvements in the form of the new R29 - already looks like it may be little better than 2008.

However, with an Indian Grand Prix in the pipeline for 2011, Renault is understood to be keen to widen its appeal in the country, and to this end will hold a roadshow there during the course of the forthcoming season in addition to its courtship of new backers.

"Currently, talks are ongoing with a major Indian multinational for sponsorship," a senior team official told PTI.

India's largest software firm, Tata Consultancy Services, signed a technology and marketing partnership with Ferrari last December, in an agreement that will see the TCS logo displayed on the Scuderia's new F60. Tata previously sponsored Narain Karthikeyan during the Indian's time in the top flight at Jordan Grand Prix and Williams.

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