Formula E Prix car on display in Hyd's Tank Bund

The Formula E Prix race will be held on a 2.37 km track around Hussain Sagar Lake- the circuit covering the Secretariat Complex, going through Lumbini Park as a loop. In January 2022, the state government and Formula E officials signed a letter of intent (LOI) to host the race in Hyderabad with 'Ace Urban Race' as the promoting partner and the International Automobile Federation (FIA). Formula E is an electric-powered single-seater championship that started in the year 2014 and was granted World Championship status by the FIA during the seventh season in the year 2020-21. Unlike Formula One, which is hosted in purpose-built circuits, Formula E, also known as E-Prix, races are held on the street circuits, thereby promoting electric mobility and taking racing to the fans. With this, Hyderabad will become the only city in India and one among the 13 cities across the globe to be hosting Formula E racing.