Telangana Government rolls out red carpet to draw big ticket EV investments
In Short
Telangana woos auto and EV investors
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Transport Minister Ponnam Prabhakar speaking at the first Executive Council meeting at the Secretariat on Wednesday to discuss investment opportunities in the automobile,
auto-component and electric vehicle sectors
Hyderabad: The Telangana government rolled out the red carpet to the EV (Electric Vehicle) industry for more investments ahead of the Invest Telangana Global Summit -2026 scheduled to be held from December 7 to 9 at Bharat Future City in Hyderabad.
Transport Minister Ponnam Prabhakar presided over the first Executive Council meeting at the Secretariat on Wednesday. The meeting focused on the automobile, auto-component, and electric vehicle (EV) sectors, as part of the preparations for the Invest Telangana Global Summit - 2026.
The Minister invited prominent companies, industrialists, and investors from the automobile and EV sectors to participate in large numbers in the Global Summit. He highlighted that Telangana was offering a highly favourable environment for significant investments in areas such as automobile manufacturing, auto components, electric mobility, battery technology, and EV charging infrastructure. Ponnam urged companies to further expand their operations.
He stated that, with the goal of transforming Telangana into a pollution-free state, a unique Electric Vehicle (EV) policy was introduced two years ago, the first of its kind in the country. The minister noted that to encourage the purchase of electric vehicles, the government has provided a 100 per cent exemption from road tax and registration fees.
As a result of these incentives, 217,690 electric vehicles have been sold in the state over the past two years, with tax exemptions amounting to approximately Rs 2,343 crore. He emphasised that the increased adoption of electric vehicles will not only help control pollution but also contribute to environmental conservation.
The Minister announced that the government is developing three industrial parks and mobility clusters to foster the growth of the automobile and mobility sectors in Telangana.
He highlighted that there are significant opportunities for establishing industries in areas such as the National Investment and Manufacturing Zone (NIMZ) in Zaheerabad, as well as in Enkatala and Kodangal. The government was also taking proactive measures to provide essential resources within these parks, including land, laboratory facilities, infrastructure, transport connectivity, and other industrial amenities required by businesses. The government will provide full support to investors by facilitating necessary approvals, offering policy-related assistance, and developing infrastructure, it was clarified.
