Force India Formula One Team Limited, trading as Force India F1, is a Formula One motor racing team. The team was formed in October 2007, when a consortium led by Indian businessman Vijay Mallya and Michiel Mol bought the Spyker F1 team for 88 million. Force India F1 represents increased Indian participation within Formula One, with Delhi set to host the first ever Indian Grand Prix in 2011.[2] The Fédération Internationale de l'Automobile confirmed the change in name from Spyker to Force India on 24 October 2007.