Vijay Mallya declares £50 million pound boost to F1

Force India, which showed a sturdy performance in 2012 in the Formula One races, will obtain a 50 million pound boost with the aim to further perk up the group’s recital.

This declaration has been made by the group’s co-owner Vijay Mallya, who stated, “We had an important conference in India after the Abu Dhabi Grand Prix and the panel has given approval to a 50 million pound capital investment plan for the group.”

“We are going to make an investment in latest technology and present additional tools to our design group to try and move further up the grid,” Mr. Vijay added up.

Vijay Mallya declares £50 million pound boost to F1
Force India, with 99 points is on the 7th place, 25 points behind Sauber on sixth position and 23 points ahead of Williams on 8th place. The rankings are expected to remain unchanged in 2012 unless FI or Williams showed a strange performance in the Brazilian Grand Prix, the period’s last, to be held on Sunday.

The company with around 69 points, ended sixth in 2011 and the current count is the most ever since the Spyker (formerly Jordan) group was purchased by Mallya in the year 2007.

Vijay stated, “Each year we have showcased that we’ve climbed up the ladder.” He further stated, “And we’ve taken quite noteworthy steps, not just small steps. Given the devices that we have, which are mostly of the Jordan age, we have done exceptionally well.”

Sahara, in the year 2011, made an investment of around $100 million in Force India and Mr. Vijay has currently made a declaration to put in 50 million pound.

December 01 race will not only mark an end to this year’s F1 period, however it will also be German Nico Hulkenberg’s final race with F1 before he shifts to Swiss Formula One group, Sauber.

Vijay showed appreciation towards Nico for his important contributions to the group.

He stated, “Nico has been one of the stars this period. He’s delivered precisely what we anticipated of him and brought a lot to this group. He has a big future in Formula One and we wish him well.”

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