Hyderabad-based commercial EV maker gears up for large-scale electric bus production after BSE debut
Hyderabad: India’s electric mobility story just got a fresh new chapter — and this one arrived with a stock ticker. Hyderabad-based commercial EV manufacturer Keto Motors has officially debuted on the Bombay Stock Exchange (BSE), marking a significant milestone in its journey from building electric buses to becoming a publicly listed player in India’s fast-evolving commercial EV sector.
Listed under the symbol KETOMOTORS 537392, the company entered the public markets following the successful completion of its reverse merger with Taaza International Limited. Approved by the National Company Law Tribunal (NCLT), Hyderabad Bench in June 2025, the merger transformed Taaza International into Keto Motors Limited after fulfilling all regulatory and exchange requirements.
For Keto Motors, the listing is more than just ceremonial bell-ringing and market buzz. It opens the door to broader access to public capital as the company accelerates investments in manufacturing, electric bus development, and commercial EV deployment across India. In simple terms: the company wants more electric buses on Indian roads — and fewer diesel smoke clouds chasing commuters at traffic signals.
The company is currently pushing ahead with its ambitious INR 300 crore electric bus manufacturing project in Telangana. Its integrated manufacturing facility in Jadcherla is expected to play a major role in scaling advanced electric bus production and supporting future expansion plans.
Keto Motors is also preparing for the commercial rollout of its Urbanova KE9, a 9-metre electric bus platform that recently secured CMVR Type Approval certification. The certification clears the road for deployments across public transport systems, institutional fleets, employee transportation services, and urban mobility networks increasingly shifting toward zero-emission operations.
Adding technological muscle to its EV ambitions, Keto Motors has strengthened its capabilities through a strategic collaboration with Taiwan-based TRON Energy Technology. The partnership gives the company access to advanced battery systems, powertrain technologies, and chassis engineering solutions aimed at improving performance and scalability for commercial EV platforms.
Commenting on the development, Venkatesh Challa, Director, Keto Motors, said the BSE debut represents a major milestone in the company’s growth journey and strengthens its ability to expand manufacturing, accelerate innovation, and support India’s transition toward sustainable transportation.
He further added that the company’s vision extends beyond business growth, with a focus on building world-class manufacturing capabilities, generating employment opportunities, and contributing meaningfully to India’s broader sustainability goals.
Keto Motors believes India’s commercial EV market is entering a transformative phase, particularly as State Transport Undertakings (STUs), corporate fleet operators, and urban mobility providers increasingly move toward electric solutions. With policy support growing and cities looking for cleaner public transportation systems, the timing appears well aligned for companies focused on commercial electrification.
And while electric buses may still be quieter than their diesel counterparts, Keto Motors’ Dalal Street debut certainly made enough noise to get the market’s attention.
