Ola Electric under scrutiny over mismatching sales and registration data: Report

This is because the company claimed to have sold 25,000 vehicles in February, though only 8,600 were registered as per the Vahan Portal.

Published on: Mar 20, 2025, 17:15:17 IST

By HT News Desk

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Ola Electric is currently facing increased regulatory scrutiny with the Ministry of Heavy Industries seeking details about discrepancies between the its reported sales and actual vehicle registrations.

Ola Electric's S1 Air e-scooters are pictured inside its manufacturing facility in Pochampalli in the southern state of Tamil Nadu, August 15, 2023. (REUTERS)

This is because the company claimed to have sold 25,000 vehicles in February, though only 8,600 were registered as per the Vahan Portal., according to a CNBC-TV18 report.

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HT.com cannot independently verify the authenticity of the information contained in the report.

As part of the probe, Maharashtra RTO officials inspected multiple Ola showrooms across the state, according to the report which added that they looked to see if the vehicles had necessary documentation and were being sold with a valid trade certificate.

However, 36 scooters were seized in Mumbai and Pune due to non-compliance issues, according to the report.

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The crackdown even extended to Punjab where multiple Ola showrooms have reportedly been shut down.

In Jabalpur as well, RTO authorities issued notices to Ola Electric after it found unregistered scooters being sold without a valid trade certificate, according to the report.

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How did Ola Electric shares perform?

At 3 pm IST, Ola Electric Mobility Ltd shares were trading at ₹52.20 on the Bombay Stock Exchange (BSE). This was a drop of 3.01% or ₹1.62.

The intraday low was ₹51.64 while the high was ₹54.45.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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