Image: Supplied.

Australian off-road icon Toby Price is set to compete for a third victory at the prestigious Dakar Rally, signing an extension with Red Bull KTM Factory Racing to contest the event again in 2024.

Price first won the Dakar in 2016 onboard his KTM 450 Rally, taking five of the 14 stages to ultimately claim victory by close to 40 minutes.

2019 marked his second win at the world’s toughest cross-country rally, despite completing the event with a broken wrist, and he claimed a runner-up result in the iconic event last year.

“I’m definitely excited to have signed to race another Dakar with the Red Bull KTM team,” said Price. “I’ve been racing for KTM for 15 years now and for the factory since 2015, so it feels great to be able to race the biggest, toughest rally for them once again.

“It’s been a long journey with the KTM brand and one that I think it’s fair to say has brought both sides heaps of success along the way. With this contract extension signed now, I’m really looking forward to focusing on the Dakar early next year and hopefully keeping KTM up front.”

Currently lying second overall in the 2023 FIM World Rally-Raid Championship, nine points from the lead, Price will contest the final round of the series – the Rallye du Maroc – before switching his focus to the 2024 Dakar Rally, which will be held in Saudi Arabia from 5 – 19 January.