Announced Sun, 2 Aug, 2026 · 20:06 IST
Keto Motors signs MoUs with three mobility firms for 150-250 electric buses
Price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
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prior close
₹205.50
base price
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AI summary
Keto Motors signed MoUs with STS Wheels (Sony Transport), Svida Mobility, and Hybrid Fleet Management for deploying its 9-metre electric buses. STS Wheels will place a firm order for 50 buses; Svida and Hybrid may order 50-100 each. Total potential: 150-250 buses. MoUs are expressions of interest, with definitive supply agreements to follow. These are among the largest employee mobility providers. No related party transactions.
Likely market impact
Potential order pipeline of 150-250 electric buses from major mobility players signals revenue opportunity. MoUs are non-binding expressions of interest for now.