Regression testing is a crucial phase in the software development lifecycle that makes sure that new changes/updates in the software system don’t introduce defects or don’t affect adversely the existing functionalities. However, as the software systems grow in complexity, the number of test cases in regression suite can become large which results into more testing time and resource consumption. In addition, the presence of redundant and faulty test cases may affect the efficiency of the regression testing process. Therefore, this paper presents a new Hybrid Framework to Exclude Similar & Faulty Test Cases in Regression Testing (ETCPM) that utilizes automated code analysis techniques and historical test execution data to identity and exclude redundant, similar and faulty test cases from the given regression suite. Our experimental results clearly show the benefits of the ETCPM framework in terms of reduction in the testing time, optimization of the resource allocation, and improvement in the overall quality of regression test suite. ETCPM enables software development teams to achieve faster and reliable regression testing by intelligent exclusion of similar and fault test cases, which yields in reduction in the software delivery cycles and better end user satisfaction.