F1 team Force India has presented its new car for the 2008 season, in a formal happening in Mumbai, India. The new car will have the code name VJM01, which obviously derives from the team's owner name, Vijay Mallya.

The color used during testing has been replaced by a combination of white and gold, with the main sponsor, airline company Kingfisher, covering a good part of the car. We have to add here that the company also belongs to Vijay Mallya. The Indian Billionaire told that he is very proud about taking the chance to represent his country.

"The meaning of an Indian team taking part in the F1 world champion should not be underestimated", Mallya said. "There are only 11 teams doing this at the time and it is an honor for us to be a part of this. This is a huge challenge with very tough competition and it is the only sport where a tenth of a second can make the difference", he added.

Team's budget is around 120 million USD, while we have to remind you here that Giancarlo Fisichella and Adrian Sutil are going to be driving for the team, while Vitantonio Liuzzi is going to be the test driver.