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This model is the Galanite F1 Racer in Red.
This is a one piece casting and with no opening parts and all features cast into the body. There is no glazing as the wind screen is also filled in with the body material (vinyl).
There is no base plate as such — the body casting is open to the under side and strengthening bars are in place to hold the soft body's shape. It is marked with die number "1" under the cockpit area.
All wheels are one piece, soft vinyl in black, attached to a rounded axle that passes through the body and the wheels.
This model is thought to have been issued prior to 1971.