Mallya pumps in $32 mn into Force India
London: Sahara Force India team principal Vijay Mallya has pumped in USD 32 million into his Formula One team ahead of the season opener in Melbourne Sunday.
Watson, the personal investment company used by the liquor baron, has loaned Force India nearly USD 10 million while Mallya`s Kinghfisher Airlines and his beer and spirit arm has generated the remaining USD 22 million through sponsorship, The Scotsman reported Monday.
The Silverstone-based team is eying to better its last year`s sixth place finish in the 2012 Constructors` Championship.
Force India found a co-owner Subrata Roy led Sahara Group last year when the Indian company bought a 42.5 percent stake in the F1 team. Sahara said that it would invest a further USD 100 million into the mid-field outfit.