The team's new owner Indian billionaire Vijay Mallya said an Indian driver is an option but not an immediate priority.
Vijay Mallya will reveal the 2008 Force India F1 car in Mumbai on February 7.
Italian Giancarlo Fisichella says he joined the Force India Formula One team because he likes a challenge. 'I had other options at the end of the last season. (But) this was the best.'
They said creditors would be paid in full and all 405 jobs at the Silverstone-based team, that was co-owned by embattled Indian businessman Vijay Mallya and finished fourth last year, were safe.
The Sahara Group has sought Supreme Court's permission to sell its shares in the Force India Formula 1 team as part of its effort to raise funds for the release of conglomerate's jailed chief Subrata Roy.
Sahara Force India ended the 2014 season on a high with Nico Hulkenberg finishing the Abu Dhabi Grand Prix in sixth position just ahead of teammate Sergio Perez.
Troubled business tycoon Vijay Mallya, on Sunday, asserted that his stepping down as chairman of the United Spirits Ltd will not affect his control in Formula One team, Sahara Force India.
The Supreme Court has rejected an appeal by Vijay Mallya to overturn charges against him for allegedly violating foreign exchange rules, adding to the legal challenges facing one of the country's most prominent businessmen.
"I just have to ride out the storm," Vijay Mallya said.
Force India set their sights on breaking into Formula One's top three at the launch of their new car on Wednesday and hit back at suggestions that they lack the budget to match the manufacturers in a spending 'arms race'.
Force India's Nico Hulkenberg had a Singapore Grand Prix to forget on Sunday when the German crashed out after 12 laps following a collision with Felipe Massa's Williams and was immediately given a grid penalty for the next race.
Five photos of western style toilets were presented to convince the court that acceptable standards would be extended to Mallya.
The administration was triggered by Force India's Mexican driver Sergio Perez, supported by engine provider Mercedes and team sponsor BWT who were also owed money by a team struggling financially.
Vijay Mallya faces a sensitive diary clash this week as the season-opening Australian Formula One Grand Prix coincides with an appointment to appear before Indian investigators.
Diageo may not be able to recover $135 mn loan from Mallya firm
The Silverstone-based team have finished fourth for the past two years
Wants details of Vijay Mallya transactions over 4 years
British-based Force India, who have Mexican Sergio Perez and Germany's Nico Hulkenberg confirmed as drivers for 2016 and use Mercedes engines, contract out much of their chassis work to keep costs down.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
Russian fertiliser group Uralkali said that by turning down its higher bid for the company, the administrators had denied the extra funds that would have accrued to the shareholder of Force India - Mallya's Orange India Holdings Sarl - which is subject to a freezing order issued by the UK's High Court in favour of his 13 creditor Indian banks, led by the State Bank of India.
The new livery brings a fresh trackside image for the team with the introduction of black alongside the traditional colours of saffron, white and green.
A summary of sports events and sports persons, who made news on Sunday
Speaking to reporters Mallya said, "It will all become clear in court".
Formula One is set to test a new on-car display system championed by Lewis Hamilton's father Anthony aimed at helping fans to follow a race without having to take their eyes off the action.
Force India co-owner Vijay Mallya has rejected speculation about his Formula One team's finances, saying they will be racing for years to come.
Firm makes disclosures of improper transactions worth Rs 1,225.3 crore with entities linked to beleaguered businessman
Formula One's first pre-season test ended in Jerez with Ferrari's Kimi Raikkonen fastest.
There has been speculation within Formula One that Lawrence Stroll, the billionaire father of Canadian driver Lance, is willing to invest in Force India as part of a move for his son from Williams.
Force India Formula One team boss Vijay Mallya feels beating McLaren for fifth spot in the team standings will be a 'big task' in the remaining four races of the season.
A summary of sports events and sports persons, who made news on Friday
Ferrari's Sebastian Vettel won an incident-packed Singapore Formula One Grand Prix on Sunday after world champion Lewis Hamilton retired early for the first time this season and an intruder set heart rates fluttering when he strolled on to the track.
Sahara India needs to pay back $5.3 billion, raised from millions of small investors through the sale of bonds ruled by the Supreme Court to be illegal, before founder Subrata Roy can be released.
Mallya's Rajya Sabha declaration lists investments in racing, finance and investment firms.
The Sahara Force India celebrated its 100th race in style, scoring seven points with Paul Di Resta and Adrian Sutil finishing in seventh and 10th places respectively at the Canadian Grand Prix in Montreal.
A summary of sports events and persons who made news on Thursday.
Jules Bianchi had a bright future in Formula One.
Vijay Mallya who inherited the UB Group from his father as a young 28-year-old, said he has got "nothing to prove".
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances