The recalled Jeetan Patel has won the battle for the spin bowling spot, beating out Hyderabad-born Tarun Nethula.
Brendon McCullum will open with Martin Guptill when New Zealand get their turn to bat, with Kane Williamson coming in at first drop followed by his captain.
Daniel Flynn, who opened in the Caribbean, is set to come in at No 5, followed by allrounder James Franklin and wicket-keeper Kruger van Wyk.
India have bestowed the unenviable task of filling Dravid and Laxman's spots on Cheteshwar Pujara, a 23-year-old with only three tests to his name, and Suresh Raina.
Teams for the first test between India and New Zealand starting today in Hyderabad:
New Zealand: Martin Guptill, Brendon McCullum, Kane Williamson, Ross Taylor (c), Daniel Flynn, James Franklin, Kruger van Wyk, Doug Bracewell, Trent Boult, Jeetan Patel, Chris Martin.
India (probable): Gautam Gambhir, Virender Sehwag, Virat Kohli, Sachin Tendulkar, Cheteshwar Pujara, Suresh Raina, MS Dhoni (c), Ravichandran Ashwin, Zaheer Khan, Pragyan Ojha, Umesh Yadav.