The teams Formula Ashwa Riders (FAR) and E-Formula Ashwa Riders (E-FAR) participated in the FORMULA BHARAT 2023 Competition held at Kari Motor Speedway, Coimbatore from 19^th January 2023 to 24^th January 2023. Team FAR bagged the overall National rank of 14 out of 49 registered teams and team E-FAR bagged overall National rank of 10 out of 37 teams.

Formula Bharat is a reputed Competition at national level, which test the student knowledge of building a formula vehicle. The teams from the institute participated in the combustion as well as the electric category this year. Various static and dynamic events are a part of the competition and the teams excelled and well placed above IITs, NITs and Engineering colleges of national repute.

Team Formula Ashwa riders over the course of building the vehicle for an onsite competition have bagged 10^th position in Engineering Design Presentation, 19^th in Cost and Manufacturing Events, 22^nd in Business Plan Presentation. Team E- Formula Ashwa riders the only Electric Formula team from Central India in their very first competition has excelled and bagged 10^th position in Engineering Design Presentation, 16^th in Cost and Manufacturing Events, 13^th in Business Plan Presentation. Moreover, under the special awards category, ‘MathWorks Modelling Award’ team E-Formula Ashwa Riders is ranked 5^th among the 86 registered teams.

The organisers as well as Dr. Peter Jones, Woltosz War Eagle Motor Sports Professor, Auburn University, USA were impressed by the design, the concept of the vehicle and appreciated and applauded the efforts put by the students.

The Teams Formula Ashwa Riders and E-Formula Ashwa riders were captained by Prasad Jawade and Shreyash Gaikwad and mentored by faculty coordinators, Prof. Homeshwar G. Nagpure and Prof. Atul Kumar Saxena respectively.

The team is thankful to the management of  SVPCET for their constant support and encouragement for participating and excelling in competitions of such repute.