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Force India will not take part in Formula One's opening pre-season test in Jerez which is going to begin this weekend, the team said on Wednesday.

The spokesperson dismissed that speculation that the Silverstone-based team run and co-owned by the Indian Big-Shot Vijay Mallya, Had made the decision for the financial reason and they will be present the following test in Barcelona.

The team had planned to run heir 2014 car in Jerez having already said the new VJM08 would not be ready, but the spokesman said they had since decided the learning opportunities were limited. He added that the decision was made last week.

Mercedes-powered Force India will who have announced a new look at team presentation in Mexico City last Wednesday, they have drivers such as Mexican driver Sergio Perez and Germany's Nico Hulkenberg who are in an unchanged track.

Formula One started 2015 with two teams -- Marussia and Caterham -- in their death throes and the prospect of only nine on the starting grid when the season starts in Melbourne on March 15.

Force India co-owner is held in New Delhi jail for more than 10 months following a court order for his Sahara group to refund billions of dollars invested in illegal bonds.

AW: Arun Kumar