Ola Electric Share Price Jumps 5.11% on Mar 21; Clears Air on February Sales

Ola Electric Mobility Limited issued a statement on March 21, 2025, addressing claims regarding its February 2025 sales data. The company clarified that its sales remain strong and that a temporary backlog in vehicle registrations was due to ongoing negotiations with vendors responsible for the registration process.

On March 21, 2025, Ola Electric share price opened at ₹51.71, the same as its previous close of ₹51.71. At 9:37 AM, the share price of Ola Electric was trading at ₹54.35, up by 5.11% on the NSE.

Swift Resolution of Registration Backlog

The statement highlighted that Ola Electric has been working swiftly to clear the backlog, with daily registrations exceeding 50% of its three-month daily sales average. As of now, 40% of the backlog has already been resolved, and the company expects full clearance by the end of March 2025.

Ola Electric also addressed what it called a “misinformation campaign” by certain media outlets and vested interests. The company linked the intensified scrutiny to its recent decision to discontinue contracts with two nationwide vendors managing its registration process. This move was part of Ola’s broader strategy to streamline operations and enhance profitability.

Conclusion 

The company reaffirmed its commitment to transparency and reliability, assuring customers that the situation is under control. Ola Electric remains focused on resolving the backlog efficiently and maintaining strong sales momentum in the electric vehicle sector.

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