Mahindra will not run a factory Moto3 team in 2015 and instead focus on development of its MGP3O motorcycle for other teams.

The shift in focus was announced alongside confirmation that Mahindra will supply machinery to the Aspar team next season. Aspar presently runs Kalex-KTM bikes.

Miguel Oliveira and Andrea Migno - who recently replaced Arthur Sissis - currently ride for the official Mahindra Racing team.

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"Working with experienced customer teams rather than having their own factory outfits is a model successfully employed by our manufacturer peers in the Moto3 series," said Mufaddal A. Choonia, Chief Executive Officer Mahindra Racing.

"We have a great group of people in the Mahindra Racing team and we are extremely grateful to all of them for the contribution they have made. We know we have more work to do to make the MGP3O the bike to beat in Moto3 and we are confident that this new approach will be the best way forward."

Mahindra became the first ever Indian constructor to participate in motorcycle grand prix in 2011, the final year of the 125cc two-stroke championship.

The manufacturer joined the switch to the new Moto3 250cc four-stroke class from 2012, recording a first podium in 2013 and a third place at this year's Dutch TT in Assen. Ambrogio's Brad Binder then scored Mahindra's best-ever result with second place in Germany.

"We constantly review operations to fine tune our strategy for maximum success," explained Mr SP Shukla, Chairman of Mahindra Racing and President of Strategy & Defence Sectors and Chief Brand Officer for Mahindra Group. "This decision further reinforces our commitment to the MotoGP championship since we will now focus our resources on enhancing the development of our Mahindra MGP3O racer. With this move, we shall put all our efforts into machine development for 2015 and beyond, supporting several customer teams rather than running another team ourselves."