MUMBAI: CNBC, the world‘s leading business and financial news network, has teamed up with Lotus F1 Team as its Official Business Media Partner.

Throughout the 2013 Formula 1 season, this new agreement will allow Lotus F1 Team‘s partners to benefit from CNBC‘s unmatched reach of affluent and influential business leaders with commercial advertising campaigns airing on its international network. This new relationship builds on the team‘s recent partnerships with brands such as Microsoft, Unilever and The Coca-Cola Company.

The partnership will see CNBC branding on the nose of the team‘s 2013 car, as well as on driver and pit crew overalls, team uniform, branding around the paddock and on marketing materials.

"CNBC‘s partnership with Lotus F1 Team is extremely exciting. It‘s an innovative marketing solution which provides branding and commercial opportunities for both parties. The Formula 1 audience is complementary to our own influential and affluent viewer base around the world. We look forward to working with Lotus F1 Team and wish them success in the 2013 season," said CNBC VP Marketing & Communications Charlotte Westgate.

Lotus F1 Team Team Principal Eric Boullier said, "CNBC is a fantastic partner which highlights the growing importance of Lotus F1 Team as a vehicle for the business world. We are working with household brands such as Microsoft, Unilever and The Coca-Cola Company;brands whose actions are watched closely in the business world. Our partnership with CNBC brings us greater exposure in this environment and allows our business-to-business platform to flourish."