Keto Motors, a Hyderabad-based commercial electric vehicle manufacturer focused on sustainable mobility solutions, has debuted on the Bombay Stock Exchange following the successful completion of its reverse merger with Taaza International Ltd.
The listing strengthens the company’s access to public capital markets as it expands manufacturing capabilities, electric bus development and commercial EV operations across India.
Reverse merger
The reverse merger, approved by the National Company Law Tribunal (NCLT), Hyderabad Bench in June 2025, enabled the transition of Taaza International Ltd into Keto Motors Ltd, subject to applicable regulatory and exchange compliances.
The company said the listing marks an important step in scaling its electric commercial mobility business.
Expansion plans
Keto Motors is currently advancing multiple growth initiatives, including its ₹300 crore electric bus manufacturing project in Telangana and the upcoming commercial rollout of its Urbanova KE9 9-metre electric bus platform.
The company recently secured CMVR Type Approval certification for the Urbanova KE9 electric bus and is preparing for commercial deployments across multiple mobility applications.
Manufacturing operations are being developed at the company’s integrated facility in Jadcherla, Telangana, which is expected to support advanced electric bus production and future capacity expansion.
Technology partnership
Keto Motors continues to strengthen its technology and manufacturing capabilities through its strategic association with TRON Energy Technology, a Taiwan-based EV technology provider specialising in electric mobility and sustainable transportation systems.
Through the collaboration, the company gains access to advanced battery systems, powertrain solutions and chassis engineering technologies for commercial EV platforms.
Important milestone
Keto Motors Director Venkatesh Challa 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.”
He added that India’s commercial EV sector is entering a transformative phase and the company is well-positioned to contribute to the transition toward sustainable mobility.
Focus on commercial mobility
The company is focused on addressing growing demand from State Transport Undertakings (STUs), institutional fleet operators, employee transportation providers and urban mobility networks that are transitioning toward zero-emission transportation systems.
Keto Motors said it aims to strengthen its position across electric bus manufacturing, fleet mobility solutions and sustainable transportation infrastructure as India’s commercial EV transition accelerates.