Shastri is part of the Fox Sports commentary panel for the ongoing Test series between Australia and Pakistan.
Speaking on the Club Prairie Fire podcast, Gilchrist initially spoke about the Audi Car that Shastri received when he won the Player-of-the-Tournament award in 1985 World Championship of Cricket.
However, Gilchrist added that even though Shastri claimed to be the 'Ambassador of Audi', the former India all-rounder was spotted wearing a Ferrari cap during the morning walk along with the commentary team of Fox Sports.
Notably, Shastri is part of the commentary panel for the ongoing Test series between Australia and Pakistan.
"We focused on him (Ravi Shastri) on winning the Player of the Tournament from World Championship of Cricket as it was in 1985. And he showed the footage of receiving Gold Audi," Gilchrist said.
"Shastri proudly say that it was the first ever Audi in India, he took it back and Governement waived any excise duty on it. He still proudly says this day 'I'm an Audi Ambassador'. Next Day, on the walk, he's wearing a Ferrari cap," he added.
Gilchrist’s hilarious tale about Shastri left Vaughan amused as the former England skipper burst out laughing.
Here’s the video: