Ponnam Prabhakar Invites Major Investments in Telangana

The Telangana government is working towards transforming the state into a developed economy by 2047, with a target of achieving a one-trillion-dollar economy by 2034 and a three-trillion-dollar economy by 2047, Transport and BC Welfare Minister Ponnam Prabhakar said. He was speaking at the first Executive Council meeting on automobiles, auto components and electric vehicles, held at the Secretariat as part of the Invest Telangana Global Summit 2026. The minister urged leading automobile companies, industry representatives and investors to participate in the summit, scheduled to take place at Bharat Future City in Hyderabad from December 7 to 9. He said Telangana offers significant opportunities for investments in automobile manufacturing, auto components, electric mobility, battery technology and EV charging infrastructure.

The minister said Telangana introduced a dedicated EV policy two years ago to promote clean mobility and reduce pollution. Under the policy, 100 per cent exemptions are being provided on road tax and registration fees for eligible electric vehicle purchases. As a result, 2,17,690 electric vehicles have been sold in the state over the past two years, with tax exemptions amounting to approximately Rs. 2,343 crore, he said. The government is developing three industrial parks and mobility clusters, including facilities at the National Investment and Manufacturing Zone in Zaheerabad, Enkathala and Kodangal. These locations will offer land, laboratory facilities, infrastructure and transport connectivity to industries. Highlighting the presence of companies such as Hyundai, Mahindra, Amara Raja, Olectra, Biliti Electric, Pure EV, Bosch, ZF and MRF, the minister encouraged existing companies to expand their operations and new investors to explore opportunities in the state. He assured investors of full government support in securing approvals and establishing industries. Officials and representatives from Ather, Bosch, ZF, TAFE, Jio-bp, AVL and other companies attended the hybrid meeting and expressed interest in Telangana's investment opportunities.