On a Sunday in Hyderabad's Jubilee Hills, a speeding Ferrari driven by businessman Kranti Reddy lost control due to reported brake failure and steering lock, veering into oncoming traffic and colliding with several vehicles. The collision resulted in damage to multiple cars and two-wheelers, with the Ferrari also sustaining significant damage.

According to police, the incident caused injuries to several individuals in oncoming vehicles who were promptly taken to a nearby hospital for treatment; fortunately, all are reported to be in stable condition. Additionally, a light mast situated in the middle of the road was knocked down due to the impact. Local police responded quickly to the scene to manage the situation, clear the road, and redirect traffic that had been affected by the accident.

The case has been registered based on complaints from the victims, but details regarding the exact cause of the accident and the identities of those injured have yet to be released. This incident raises further concerns about the rising cases of reckless driving involving luxury and premium cars in the region, highlighting the need for stricter regulations and safety measures.