Ola’s February Sales Included Bikes Yet to Launch?

Ola Electric has come under the scanner for allegedly inflating its February 2025 sales figures. As per news reports, the company reported “more than 25,000 units” sold in February, but government vehicle registration data shows only around 8,600 units were officially registered. 

This discrepancy triggered a probe by the Ministry of Road Transport and Highways (MoRTH), which sought clarification from the company.

Bookings Counted as Sales

In a letter to the ministry dated March 21, Ola Electric disclosed that it had included customer bookings for 10,866 third-generation e-scooters and 1,395 Roadster X motorcycles as part of its February sales. 

These bookings were classified as “confirmed orders,” even though the Roadster motorcycles haven’t been rolled out yet and the deliveries of the third-gen scooters only began in March. These two categories alone made up nearly half of Ola’s February sales figure.

Ministry’s Directive to Revise Figures

Concerned about the wide gap between reported sales and actual registrations, the ministry has directed Ola Electric to revise its figures. In a follow-up letter dated March 31, MoRTH asked the company to only include vehicles that had been invoiced in February and to submit a revised response within seven days to avoid any potential action.

About Ola Electric Mobility Ltd

Ola Electric Mobility Limited is a company focused on manufacturing electric vehicles and their essential components. These include battery packs, motors, and vehicle frames, all of which are produced at its state-of-the-art Ola Futurefactory. 

On April 7, 2025, Ola Electric share price (NSE: OLAELEC) opened at ₹45.35 and closed at ₹51.51, down by 1.85%. The stock price touched its day’s low at ₹45.35. 

Conclusion

Ola Electric’s attempt to boost investor sentiment by including pre-launch bookings in its monthly sales report has backfired, attracting government scrutiny. As the company looks to strengthen its market position in India’s EV sector, it now faces pressure to ensure transparency and compliance in its disclosures. How Ola handles this situation could impact its reputation and investor trust going forward.

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