Hyderabad: Hyderabad-based commercial electric vehicle maker Keto Motors on Tuesday announced its debut on the Bombay Stock Exchange following the completion of its reverse merger with Taaza International Limited, as the company looks to strengthen its position in India’s growing electric bus segment.
The company said the listing would enhance its access to public capital markets and support expansion of manufacturing capabilities, electric bus development and commercial EV operations across the country.
The reverse merger was approved by the National Company Law Tribunal (NCLT), Hyderabad Bench, in June 2025, enabling the transition of Taaza International Limited into Keto Motors Limited after completion of regulatory and exchange compliances.
Keto Motors is currently scaling its electric commercial mobility business through a proposed Rs 300-crore electric bus manufacturing project in Telangana and plans to commercially roll out its Urbanova KE9 9-metre electric bus platform.
The company has also secured CMVR Type Approval certification for the Urbanova KE9 electric bus and is preparing for deployments across multiple mobility applications, including public transportation and institutional fleet operations.
Manufacturing operations are being developed at the company’s integrated facility in Jadcherla, which is expected to support advanced electric bus production and future expansion plans.
Keto Motors said it is strengthening its technology and manufacturing capabilities through its association with TRON Energy Technology, which provides expertise in battery systems, powertrain solutions and chassis engineering technologies for commercial EV platforms.
“Our BSE debut marks an important milestone in Keto Motors’ journey as we continue building a scalable electric commercial mobility business in India,” Keto Motors Director Venkatesh Challa said.
He said the development would help the company expand manufacturing capabilities, accelerate product innovation and support the adoption of sustainable transportation solutions.
The company is targeting demand from State Transport Undertakings (STUs), institutional fleet operators, employee transportation providers and urban mobility networks shifting towards zero-emission transportation systems.
India’s commercial EV market, particularly electric buses, has witnessed rapid growth amid increasing policy support and demand for cleaner public transportation solutions.