Organisers of the inaugural Indian Grand Prix have slashed tickets prices in an attempt to ensure a sell-out for this weekend's race.

With just days to go before the race, a number of tickets are still available at the new 120,000-capacity Buddh International circuit near Delhi with ticket prices reported to have been too expensive for many fans who were keen to attend the event.

Discounted race day tickets have now been made available in an effort to ensure more fans attend the event, which will be the first F1 race on Indian soil.

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"We have sold close to 80,000 tickets which is pretty encouraging considering that it's the first F1 race ever in the country," a spokesman for Jaypee, the group behind the new circuit, told AFP. "Of course we would have been happier had we sold off 90 per cent of tickets because ticket sales are the only source of revenue for us. But there are still a few days to go and we are keeping our fingers crossed.

"Fans can now opt for only race day tickets at discounted price instead of the season tickets which are a little on the high side. A lot of big companies are also in the process of booking corporate boxes."