In what can be considered as sad news for Indian motorsport fans, Karun Chandhok has declared that he will not race in the 2012 Formula One season while Narain Karthikeyan is still struggling to earn a racing seat.

The 2012 Formula One season is set kick off in about two months from now and there are only two seats available -- one with Hispania and one with Williams -- which Karthikeyan can try and grab.