Formula One (F1) is a series of races held at different venues around the world, of the fastest open-wheel, open-cabin, single-seated, four-wheeled autos in the world. There have been a few years when even six-wheeled cars participated in F1. The word ‘Formula’, included in the name, refers to a set of rules that the constructors of the car, its mechanics and the drivers have to strictly follow during the tenure that they are members of F1. When motor racing first began, there were no limitations on the power or the size of the cars. The races became unequal with cars with more power and bigger sizes easily outpacing the smaller cars. The races also created dangerous situations in which many participants got seriously hurt, some even fatally. When racing resumed after World War II, the governing body of the sport, the FIA, introduced a set of rules that set limits on the size and the power of the cars. This created an even playing field for the participants and drivers, while more stress was laid on the efficiency and design of the cars and also the capability of the drivers. The word ‘One’ comes from the grading FIA issues to the racing tracks, the approved cars and the drivers’ licences. The ‘One’ is also to distinguish F1 from street car racing and also to indicate that it is the ultimate in formula racing. Formula One is governed by the Federation Internationale de l’Automobile (FIA) owned by the Formula One Group. The FIA, established on 20 June 1904, is a non-profit organisation and represents the interest of motoring organisations and motor car users.                   The organisation amends, alters and introduces rules to Formula One so as to ensure the safety of the participants in the races, promote fair play, and ensure that the followers and spectators of Formula One get a good deal.