The seven-time Formula One world champion suffered traumatic injuries after hitting his head against a rock while skiing in Meribel, France in December 2013.
Michael Schumacher's spokesperson has declined to respond to Montezemolo's comments.
He replaces Venezuelan Pastor Maldonado and links up with British former GP2 champion and F1 rookie Jolyon Palmer.
In October 2011, Sahara purchased 42.5% of Force India's shares for $100 million.
The F1 Supremo always defended Pirelli's heavily-degrading tyres, saying that it is good for the 'show'.
This would also be Mick Schumacher's maiden outside Europe tour.
Todt says refuelling dropped for reasons of cost and safety, would be discussed at a meeting of the sport`s core Strategy Group in Geneva
Since Italian driver Lella Lombardi became first woman driver to start a F1 race at the 1976 Austrian Grand Prix, no female driver has competed in the highest class of single-seat auto racing.
Kevin Magnussen has also been seen visiting the team`s factory recently.
Her introduction to racing came as a result of a bet between her brothers over how fast she could drive which resulted in her entering - and winning - her first event in a Fiat 500.
American Tyler Alexander died on Thursday at the age of 75.
Mick made his single-seater debut in German F4 series in 2015 for the Dutch team Van Amersfoort.
Schumacher was back in news recently when a magazine claimed that the driver was walking again.
Michael Schumacher's former team-mates have marked the two-year anniversary of the Formula One legend's skiing crash with sadness.
It has been a memorable Test match. It has been very good right from the second day onwards when New Zealand were batting really well and me and Ashwin were chatting that it is going to be an exciting Test.