In a statement released on Friday, the company said that its sales remain strong, and that it is in the process of clearing the backlog that had caused discrepancies in vehicle registration data.
According to Ola, this backlog, which was not caused by any internal operational issues, is being addressed, with daily registration numbers already surpassing 50% of the company’s three-month daily sales average. As of the latest update, 40% of the February backlog has already been cleared, and Ola Electric expects the issue to be fully resolved by the end of March 2025.
“This is a straightforward case of a temporary registration backlog, yet certain media outlets and vested interests have deliberately misrepresented it as a regulatory issue through misinformation and smear campaigns,” the Bhavish Aggarwal-led EV manufacturer said in its statement.
These reports, according to Ola, intensified following the company’s decision to discontinue contracts with two nationwide vendors that had previously handled its vehicle registration process.
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The discrepancy
According to earlier media reports, Ola Electric is currently under heightened regulatory scrutiny amid concerns from the Ministry of Heavy Industries (MHI) about discrepancies between the company’s reported sales figures and the actual vehicle registrations recorded.
MHI plans to send a second letter to the company next week, requesting detailed information on its sales and registration figures, said the reports.
In February, Ola Electric reported selling 25,000 vehicles, but only 8,600 of those sales were registered in the Vahan Portal, prompting authorities to question the mismatch. The Ministry had already sent a letter to the company earlier this year seeking clarification on the matter.
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