Government aims to attract major investments in automobile sector at Invest Telangana summit

According to a BusinessLine report, the Telangana government has decided to focus specially on attracting large-scale investments in the automobile, auto parts and electric vehicle (EV) sectors during the upcoming 'Invest Telangana Global Summit 2026'. This summit is scheduled to be held from December 7 to 9 at Bharat Future City in Hyderabad. The government has set an ambitious target to expand the state's economy to 1 trillion dollars by the year 2034 and 3 trillion dollars by the year 2047.

According to Prabhudhar, Telangana offers significant investment opportunities in automobile manufacturing, auto components, electric mobility, battery technology and EV charging infrastructure. Highlighting the state's commitment to sustainable mobility, Prabhudhar stated that with the objective of making Telangana a pollution-free state, the government introduced a dedicated electric vehicle policy two years ago. As part of this policy, the government is offering a 100 percent waiver on road tax and registration fees to encourage the adoption of electric vehicles.

As a result of these incentives, 2,17,690 electric vehicles have been sold in the state over the last two years, with tax exemptions of approximately ₹2,343 crore provided, he stated. To strengthen Telangana's automobile and mobility ecosystem, the government is developing three automobile industrial parks and a mobility cluster. Prabhudhar identified the National Investment and Manufacturing Zone (NIMZ) at Zahirabad as well as the areas of Enkathala and Kodangal as key locations providing abundant opportunities for industrial development and investment.

Assuring investors of full support from the government, the minister stated that the state will provide necessary approvals, policy support and infrastructure development facilitation to ensure a favorable business environment.