"A Court of Inquiry has been ordered to investigate the cause of the fire", the IAF said in its statement.
The Aero India show at the Yelahanka air base, run by the country's defence ministry, aims to become one of the world's premier aerospace events, but has been troubled by accidents this year.
The scheduled morning aerobatic display was over before the fire broke out at around noon while the afternoon programme was unhindered, Defence Public Relations Officer H L Guruprasad said.
Thick smoke could be seen billowing upwards from the auto parking near the Yelahanka Air base where the aero show is underway in Bengaluru. The rapid spread of fire was aided by strong winds reaching in excess of 30 Kmph and the fact many vehicles were parked in direction of wind. The actual cause of the fire is unknown, but is believed to be a ground fire from the dried grass in the parking area.
Officials from Indian Air Force, State Fire Services and State police were present at the spot. There have been no injuries reported in the incident.
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To override that, two-thirds of both chambers of Congress would need to vote in favor of the resolution after Trump vetoes it. They "would love the opportunity to oppose him", Amash added, but "they're not going to take it for political purposes".
This was the second unfortunate incident to plague the global aero show this year after a mid-air collision of two Surya Kiran aircraft during rehearsal Tuesday, earlier this week.
However, there is no disruption to the Aero India show due to the fire. "The show has been continuously held in Bengaluru for 12 editions, and the government of Karnataka has worked closely with the IAF, MoD and other central agencies", said TM Vijay Bhaskar, chief secretary. No loss of life was reported in the incident.
"#AeroShowOpenParkingAreaFire Totally about 100 cars burnt in the fire".
Eyewitnesses said they heard repeated blasts as the fire spread.