Telangana targets automobile investments at upcoming global summit in Hyderabad

The Telangana government will focus on attracting large-scale investments in the automobile and electric vehicle sectors during the upcoming <b>Invest Telangana Global Summit 2026</b>. The summit is scheduled to take place at Bharat Future City in Hyderabad from December 7 to 9. Minister Prabhakar stated that the government has set a target to expand the state economy to $1 trillion by 2034 and $3 trillion by 2047. The state offers major opportunities in automobile manufacturing, EV charging infrastructure, and battery technology. A dedicated EV policy introduced two years ago offers 100 percent tax exemptions, leading to the sale of <b>2,17,690 electric vehicles</b> and ₹2,343 crore in tax waivers. The government is currently developing three industrial parks and mobility clusters to further strengthen the regional automobile ecosystem.