Keto Motors Debuts on Bombay Stock Exchange

Keto Motors (BSE: KETOMOTORS 537392), a Hyderabad-based commercial electric vehicle manufacturer, has been listed on the Bombay Stock Exchange (BSE) following the completion of its reverse merger with Taaza International Limited. The listing provides the company access to public capital markets as it expands manufacturing operations, electric bus development and commercial EV activities in India.

The reverse merger was approved by the National Company Law Tribunal (NCLT), Hyderabad Bench in June 2025 and enabled the transition of Taaza International Limited into Keto Motors Limited, subject to regulatory and exchange compliances.

The listing comes as Keto Motors continues work on its INR 300 crore electric bus manufacturing project in Telangana and prepares for the commercial rollout of its Urbanova KE9 9-metre electric bus platform.

The company is also working with a Taiwan-based EV technology provider, TRON Energy Technology to access battery systems, powertrain solutions and chassis engineering technologies for commercial EV platforms.

The company recently received CMVR Type Approval certification for its Urbanova KE9 electric bus and is preparing for commercial deployment across multiple applications. Manufacturing operations are being developed at its facility in Jadcherla, Telangana, which is expected to support electric bus production and future expansion.

Commenting on the listing, Venkatesh Challa, Director, Keto Motors, said: “Our BSE debut marks an important milestone in Keto Motors’ journey as we continue building a scalable electric commercial mobility business in India. This development strengthens our ability to expand manufacturing capabilities, accelerate product innovation, and support the growing adoption of sustainable transportation solutions across the country. We believe India’s commercial EV sector is entering a transformative phase, and Keto Motors is well-positioned to contribute meaningfully to this transition.” He further stated that the company remains focused on technology development, manufacturing expansion, employment generation and electric mobility solutions.

Keto Motors said it is targeting demand from State Transport Undertakings (STUs), institutional fleet operators, employee transportation providers and urban mobility operators transitioning to electric transportation systems.

Also read: Keto Motors secures CMVR approval for 9m electric bus