No, it is not. Indy is a colloquial proper noun, an abbreviation for the city of Indianapolis, Indiana. An "Indy car" is a type of racing car for auto races as nominally held at Indianapolis Motor Speedway (who hold the trademark).
*NOTE: the spelling "indie" is the slang term used for independent filmmaking.
Indy stands for independant
Indy the dolphin died from water pollution poor indy i miss her
The cast of The Indy - 2013 includes: Clay Thorsteinson as The Indy
Indy car
Indy Rishi is 6'.
Indy Randhawa is 6'.
Depends on which Indy you are talking about: 1) Indiana Jones 2) Harrison Ford 3) Indy movies
Indy Crash was created in 2011.
Edmonton Indy was created in 2005.
Project Indy ended in 1998.
Project Indy was created in 1994.
Starbase Indy was created in 1988.