Ola Electric Mobility counted its February sales numbers to count the electric motorcycles and e-scooter booking launched so far, which led to its market share as it struggles to win the investor’s trust back.
The SoftBank Group Corp-supported firm, in a letter of March 21, told India’s Ministry of Road Transport and Highways that it added 10,866 third-generation e-scooter as well as a February sales records to 1,395 roadster X motorcycles in the sales records, cited as “confirmation orders”.
Roadster motorcycles have not been excluded yet, while third-jewelery scooter delivery Started in marchOla’s letter shows that both these categories were responsible for about 50 percent of 25,207 “confirmed orders” simultaneously. The ministry had asked the company to clarify its monthly sales number.
The firm headed by Bhavish Aggarwal reported the February sale of “25,000 units” in the filing on 28 February. But vehicle registration Tally mapped only 8,600 units from a government portal – about one -third of the sale figure.
While the e-scooter manufacturer said on February 19 that registration in its Renaissance with two vendors may delay, this “big difference” between sold vehicles and registered triggers a query from the ministry. Ola replied on 21 March, without explaining the details of the vehicle booking whether these were challaned or given to the customers.
In a letter of 31 March, the ministry asked Ola to modify the data and only included vehicles that were invoiced in its February data. It also sought hail’s response within seven days, “to avoid any adverse action.” Both letters were seen by Bloomberg News.
Regulator uncertainty
While no wrongdoing has been established against Ola and the company is not under a formal inquiry on the issue – the ministry can assess whether any local laws were broken or if the firm had incorrectly presented its sales – instructions in recent months indicate regulatory uncertainty around the firm who looks at several crises.
The OLA spokesperson said in an email, “Sales have been calculated in February based on full payment received from customers.” The spokesperson said that the company only recognizes revenue, only on the completion of the registration and distribution of vehicles, “the spokesperson said that the Ola was addressing all the questions from the Ministry.
The Ministry of Road Transport did not respond to the email seeking comments.
The number of February of Ola is a deviation not only in the Indian auto sector but also from its filing of the firm in other months. Sale for months January And march Vehicle registration tracked and did not mention booking.
The e-scooter in India is intensifying the pioneer regulator investigation. Last year, hail was India’s market regulator warned To share an announcement on X before exchanges. The Central Consumer Protection Authority in October violated alleged customer rights, misleading advertisements and unfair trade practices.
The company, while filing on 8 October, said that it would respond to the consumer protection body within 15 days but did not see any financial impact. Also Added 3,200 In December to overcome the showroom and service center buyer’s crisis.
This year, Ola has faced Raids and vehicles Recharge from state transport officials for lack of trade certificate at their stores. After a blockbuster listing in August amid several crises in recent months, it has slipped more than 60 percent of its shares.
The Ministry of Road Transport has also quipped Ola about this non-transportation related to trade certificates, an investigation by Bloomberg News last month that the firm was decreasing with this compulsory compliance.
© 2025 Bloomberg LP
