Blow to Indian motorsports as Formula E cancels Hyderabad race
In a major blow to Indian motorsport on Saturday, Formula E decided to cancel the 2024 edition of the Hyderabad E-Prix
Hyderabad had hosted India's first-ever Formula E event in February year, with then-Telangana IT minister KT Rama Rao playing a big role in bringing the elite event to the state capital
The 2023 race, which took place at the Hyderabad Street Circuit on the banks of the Hussain Sagar Lake, delivered an economic impact of US$ 84 million
The Revanth Reddy-led Congress government that has been in power in Telangana since December, however, wasn’t as keen on continuing with the event as their predecessors
Formula E alleged a breach of contract by the Municipal Administration and Urban Development Department (MAUD), which comes under the state government as the reason behind the cancellation
Formula E had initially signed a four-year agreement with the previous Telangana government that had the Bharat Rashtra Samithi (BRS) party in power
Saturday’s cancellation of the biggest motorsport event in India since Formula 1 in 2013, however, has cast a shadow over Formula E’s future in the country