Hyderabad-based Keto Motors made its debut on the Bombay Stock Exchange (BSE) on Tuesday, resulting from a reverse merger with Taaza International Ltd. The commercial electric vehicle manufacturer, which focuses on sustainable mobility solutions, saw its shares close at ₹110.23, hitting the 5 percent upper limit, after opening at ₹104.99.
As part of the merger agreement ratified by the National Company Law Tribunal (NCLT), Hyderabad Bench, in June 2025, shareholders of Keto Motors received three equity shares of Taaza International for every two shares they held. The new promoters were allotted 5.60 crore equity shares following the NCLT’s approval, increasing their ownership stake to 92.49 percent of the expanded equity base.
In a statement to the exchanges, Keto Motors highlighted its ambitions for growth, particularly through a ₹300 crore electric bus manufacturing project in Telangana and the commercial rollout of the Urbanova KE9, a 9-metre electric bus platform. The company is also enhancing its technology and manufacturing capabilities through a strategic partnership with TRON Energy Technology, a Taiwan-based provider known for its expertise in electric mobility and sustainable transportation systems.
Venkatesh Challa, Director of Keto Motors, remarked, “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.”
The company aims to meet the increasing demand from State Transport Undertakings (STUs), institutional fleet operators, employee transportation providers, and urban mobility networks transitioning towards zero-emission transportation systems.
Published on May 19, 2026.
