INDIANAPOLIS - IndyCar has given a new update on the condition of Schmidt-Peterson Motorsports Honda driver James Hinchcliffe, who crashed heavily (at 125Gs) during Indy 500 practice today (VIDEO). The accident was blamed on a suspension failure in the right front pushrod.

Upon being transported to a local hospital, he was described as being as 'awake and alert.'

He has undergone successful surgery on his upper left thigh for an unspecified injury. He has been moved to the Intensive Care Unit (ICU) of IU Health Methodist Hospital and is in stable condition.

"Obviously, we're relieved that James is awake and out of surgery," said Schmidt Peterson Motorsports team owner Sam Schmidt. "That's the most important thing on our minds right now and we will do absolutely everything required to ensure a complete recovery."