India are slated to host the Grand Prix on October 30 at a new $350 million circuit in Greater Noida on the outskirts of New Delhi.
The veteran rockers, famous for numbers like "Nothing Else Matters", will perform at the "F1 Rocks" gig in the satellite town of Gurgaon on October 28 and another show in Bangalore on Oct 30.
Ticket details for the shows are yet to be announced.
Some of New Delhi's recent attempts to stage shows by top international acts have failed due to last-minute cancellations blamed on security or money issues.
Canadian rock star Bryan Adams called off a concert earlier this year after police refused to give clearance.
Pop diva Lady Gaga scrapped plans to play in India this month reportedly because she was unhappy with the money on offer, but she has said she will make the trip to perform in October.