Paris: The International Automobile Federation (FIA) has confirmed that three Formula One teams - Team Lotus, Renault and Virgin Racing - will be changing their names for the 2012 season.

Team Lotus, which has India's Karun Chandhok as its reserve driver, will now be called the Caterham F1 team. The team has a Malaysian owner in Tony Fernandes.

The Britain-based Renault team will become Lotus, with their full name remaining Lotus Renault GP.

Team Lotus, Renault and Virgin Racing - will be changing their names for the 2012 season .

Richard Branson's Virgin Racing will become Marussia F1 team.

(Agencies)