"We have recommended Hrithik's name and we expect to get the approval for his name from Fomula One Management (FOM) and as well as Bernie Eccletone," a highly placed source in the Jaypee Group said.
Hrithik is among many celebrities flocking to the Buddh International Circuit (BIC) to witness the second edition of the Indian GP.
Sachin, a motor sports enthusiast, decided to skip the race in order to practice with the Mumbai cricket team ahead of the Ranji Trophy match against the Railways.
Indian tennis star Sania Mirza and her Pakistani cricketer husband Shoaib Malik will be there as Sahara Force India's guests.
Among other Bollywood actors likely to be present are Arjun Rampal, Sonakshi Sinha and Ajay Devgn.
The organisers are hoping Sports Minister Ajay Maken also shows up at the event.
"We sent him the invite long time ago. We are confident he will come this time," said the source.