For 1974 March continued its custom of adapting a Formula 2 base for F1. The 741 F1 was essentially a further development of the 712 F.2 of three years earlier. Equipped with the Ford Cosworth V8 engine and Hewland gearbox, the 741 proved to be quite competitive, with good performances from Vittorio Brambilla and Hans Stuck. Howden Ganley, James Hunt, Noritake Takahara, Mike Wilds and Reine Wisell also drove the 741 in F1.