Date: 1st July 2011 at 10:42am
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Australian driver Daniel Ricciardo will replace Narain Karthikeyan at Hispania for the rest of the season.

The 22 year old who is Toro Rosso’s reserve driver, has been taking part in Friday practice throughout the season and will now move ‘on loan’ to Hispania for the remainder of the 2011 season.

Narain Karthikeyan will return to the Hispania car for his home Grand Prix in New Delhi for the first ever Formula One race to be held in India.

‘It’s a dream come true to be on an F1 starting grid, I had to pinch myself a couple of times to be sure that it’s real. Now I’m excited and can hardly wait to drive at Silverstone,’ Ricciardo told the BBC on Thursday.

Hispania chairman Jose Ramon Carabante added: ‘This agreement is a reward for all the hard work Hispania Racing has shown since we started in F1 last year, We’re proud the F1 world champion team has trusted us in their effort of developing their drivers.’

Daniel Ricciardo is the latest driver to come through the Red Bull Racings driver programme.

He won the British Formula Three championship in 2009 and it is likely that if he impresses for Hispania, he could make a move to the Toro Rosso team for the 2012 season.