Ola Electric Mobility Limited — Others, 08-04-2025: Rumour Verification - Regulation 30(11)

Ola Electric Mobility Limited has issued a clarification regarding its February 2025 sales figures, following media reports that suggested discrepancies in the data. The company confirmed that the reported figures were based on paid and confirmed orders, with approximately 90% of these orders fully paid at the time of placement. These sales included newer models, Gen 3 and Roadster X, which were available for full purchase, not just pre-orders. This move aims to counter misinformation and reinforce the company's commitment to transparency. The clarification is likely to restore investor confidence and highlight the strength of Ola’s direct-to-consumer sales model amidst scrutiny.