FMSCI president , Rajat Mazumbar , has said that `` The only authorized body that can run motorsports in the country is ours '' despite the fact the deal has been signed with the Indian Olympic Association . The latter 's president , Rajat Mazumbar , has said that `` The only authorised body that can run motorsports in the country is ours '' despite the fact the deal has been signed with the Indian Olympic Association .