What does the cryptic crossword clue "Losing head, blowing motor race (4)" mean?

The definition is "motor race". The wordplay uses a deletion. INDY (deletion) = INDY; definition: "motor race" The answer is INDY.

Losing head, blowing motor race (4)

Times Cryptic #29151 | 27 Across | 2025-02-12 flower