Keto Motors Lists On BSE Following Reverse Merger With Taaza International

Keto Motors, a Hyderabad-based commercial electric vehicle manufacturer, has listed on the Bombay Stock Exchange (BSE) following the completion of its reverse merger with Taaza International Limited.

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, subject to regulatory and exchange compliances.

The company said the listing is expected to support its manufacturing expansion, electric bus development and broader commercial EV operations in India. Keto Motors is currently developing a ₹300 crore electric bus manufacturing project in Telangana and preparing for the commercial rollout of its Urbanova KE9 9-metre electric bus platform.

Keto Motors is also working with Taiwan-based TRON Energy Technology for battery systems, powertrain solutions and chassis engineering technologies for commercial EV platforms.

Commenting on the development, 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.”

The company said it is targeting demand from State Transport Undertakings (STUs), institutional fleet operators, employee transportation providers and urban mobility operators transitioning towards electric mobility solutions.

Keto Motors recently secured CMVR Type Approval certification for its Urbanova KE9 electric bus and is preparing for commercial deployments across multiple applications. Manufacturing operations are being developed at its facility in Jadcherla, Telangana, which the company said will support future production scale-up.