Formula E and the Department of Municipal Administration and Urban Development are in discussions regarding the Host City Agreement signed on October 30, 2023 and the Hyderabad E-Prix scheduled to be held on Saturday, February 10, 2024.
Following a recent official communication received from the new Telangana Government, Formula E is seeking urgent clarification on its contractual commitments under the agreement and how it could affect the Hyderabad race.
According to the contents of the letter received, the electric single-seater series is concerned that the race may not go ahead as planned.
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Conclaves
Formula E‘s Senior Executive Team met with the new leadership of the Telangana Government immediately after the elections in early December. Discussions have been ongoing ever since.
With the event just weeks away and in its final stages of preparation, Formula E, its partners and suppliers have already made significant commercial investments in the event.
The inaugural E-Prix in Hyderabad in February this year generated nearly $84 million in positive economic impact for the region, many times more than the overall costs invested by Formula E and the Government of Telangana.
Hyderabad will host the only official FIA World Championship event in India next year, along with other iconic global cities such as Tokyo, Shanghai, Berlin and London, as part of a multi-year agreement between Formula E and the Government of Telangana.
