Ola Electric Mobility Limited — Others, 21-03-2025: News Verification

Ola Electric Mobility Limited has clarified recent media reports concerning discrepancies in vehicle sales and registration data. The company received inquiries from the Ministry of Heavy Industries and the Ministry of Road Transport and Highways regarding a reported gap between the VAHAN portal registrations and sales figures for February 2025. Ola Electric has acknowledged these queries and is currently preparing responses. Additionally, the company has faced notices in four states related to trade certificates for specific stores. Despite these developments, Ola Electric asserts that the article does not materially impact its operations.

Investor sentiment may remain stable, as the company is actively addressing these concerns, which indicates a commitment to transparency and compliance.