Keto Motors Debuts on BSE Following Reverse Merger, Expands Commercial EV Growth Plans

Hyderabad, India, May 19, 2026: Keto Motors has officially debuted on the BSE following the successful completion of its reverse merger with Taaza International Limited, marking a major milestone in the Hyderabad-based commercial electric vehicle manufacturer’s growth journey.

The company announced that the listing strengthens its access to India’s public capital markets as it accelerates expansion across electric bus manufacturing, commercial EV development and sustainable mobility operations nationwide.

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

Keto Motors Expands Electric Bus Manufacturing in India

The BSE listing comes at a crucial time for Keto Motors as the company ramps up its electric commercial mobility initiatives, including a planned ₹300 crore electric bus manufacturing project in Telangana.

Keto Motors is also preparing for the commercial rollout of its Urbanova KE9, a 9-metre electric bus platform designed for urban transportation and institutional mobility applications.

The company recently secured CMVR Type Approval certification for the Urbanova KE9, paving the way for commercial deployments across multiple public and private transportation segments.

Manufacturing operations are being developed at Keto Motors’ integrated production facility in Jadcherla, Telangana, which is expected to support future production scale-up and advanced electric bus manufacturing capabilities.

Strategic Partnership with Taiwan’s TRON Energy Technology

Keto Motors continues to strengthen its EV technology ecosystem through a strategic collaboration with TRON Energy Technology, a Taiwan-based electric mobility and sustainable transportation technology provider.

The partnership provides Keto Motors access to advanced battery systems, electric powertrain solutions and chassis engineering technologies aimed at enhancing the company’s commercial EV platforms.

The company believes these technological capabilities will support its long-term ambitions in India’s rapidly growing zero-emission transportation sector.

Keto Motors Targets India’s Growing Commercial EV Market

Commenting on the BSE debut, Venkatesh Challa, Director of Keto Motors, said the listing marks an important step in building a scalable electric commercial mobility business in India.

He stated that the development would strengthen the company’s ability to expand manufacturing capabilities, accelerate innovation and support wider adoption of sustainable transportation solutions across the country.

Challa also highlighted the company’s focus on contributing to India’s industrial growth through advanced manufacturing, employment generation and sustainable mobility development.

Keto Motors is currently targeting opportunities across State Transport Undertakings (STUs), institutional fleet operators, employee transportation providers and urban mobility networks transitioning toward electric transportation systems.

India’s Commercial EV Sector Continues Rapid Growth

India’s commercial electric vehicle sector has witnessed strong momentum amid increasing government support, sustainability initiatives and rising demand for clean public transportation solutions.

With the launch of new electric bus platforms, expanded manufacturing infrastructure and improved access to capital markets, Keto Motors aims to strengthen its position in India’s evolving electric mobility ecosystem.

The company plans to focus on electric bus manufacturing, fleet mobility solutions and long-term sustainable transportation infrastructure as adoption of zero-emission commercial vehicles continues to accelerate across India.