Page 6 - Ola Electric Mobility

Ola Electric ropes in EY to strengthen regional compliance amid expansion

Ola Electric Mobility has roped in Ernst & Young to strengthen regional compliances across its recently expanded distribution network in the country, according to sources familiar with the development. The company has initiated the move as it phases out its warehouse-based distribution system and transitions to a direct-to-store retail model. As part of this transition, Ola Electric is eliminating the intermediate warehousing layer, allowing vehicles, spare parts, and accessories to be shipped directly from the factory to stores, sources said. This shift is expected to significantly improve inventory turnover, reduce delivery time, and streamline the overall customer experience. EY will support Ola in ensuring regional compliance readiness for its growing retail footprint, the sources stated. While the specifics of EY's mandate remain under wraps, the firm is expected to play a role in standardising processes and accelerating execution across certain regional markets. Ola Electri

Nearly 90% of orders in February sales fully paid, says Ola Electric

The clarification follows reports claiming Ola included bookings for yet-to-be-launched vehicles in its Feb sales data, potentially inflating market share amid efforts to regain investor confidence

Feb sales show genuine customer demand, not token bookings: Ola Electric

Ola Electric Mobility on Tuesday clarified that its February sales represent genuine customer demand and not "token-amount bookings". The February 2025 sales announcement was based on paid and confirmed orders, not preliminary "bookings", the Bengaluru-based company said in a regulatory filing. Nearly 90 per cent of these orders were paid in full at the time of placement, Ola Electric said. This includes customer orders for the new products, Gen 3 and Roadster X, which have been available for full purchase (not just pre-booking) during February 2025, it stated. "We are issuing a proactive statement to our broader stakeholder community since we have fielded multiple inquiries about the company's February sales figures in recent days," Ola Electric said. It is essential to underscore that vehicle deliveries are sequenced to follow confirmed orders with full payment, a standard and universally-accepted industry practice, it said. Any attempt to conflate bookings with full-payment or

Ola Electric commences hyper delivery with same-day vehicle registration

Ola Electric on Thursday said it has commenced an initiative for same-day registration and delivery of vehicles. Pilot of #HyperDelivery has started in Bangalore, and would gradually be scaled up across India during this quarter in a phased manner, the Bengaluru-based firm said in a statement. Customers can now complete their purchase online or at an Ola Electric Store and ride home on their fully registered vehicles in just hours, it added. "We have significantly cut the processing time of registering the vehicles through AI-led automation and by moving the registration process completely in-house. "With this we are ensuring a much smoother purchase experience for our customers, eliminating tedious purchase processes and longer delivery timelines," an Ola Electric spokesperson said.

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Ola Electric registers 23,430 units in March, showing strong demand

Ola Electric on Tuesday said it registered 23,430 units in March this year, as per the VAHAN portal, reflecting strong demand across urban and rural markets. The shift to in-house vehicle registrations in February led to temporary disruptions. While the transition continues, daily registration volumes and backlog clearance are steadily improving, the company said in a statement. "We have nearly cleared the February backlog and expect to complete the remaining February-March registrations in April 2025," it said, adding the company is scaling up its registration operations and actively coordinating with all external stakeholders to support the exercise. Ola Electric said it has also started deliveries of its Gen 3 portfolio in March 2025 and has ramped up production in March and will continue ramping it up further in April for faster deliveries and better customer experience.

Bajaj Auto e2Ws on full charge in FY25; Ola Electric's lead flickers

Ola Electric has attributed part of its struggle to an ongoing dispute with a vendor responsible for facilitating registrations, arguing that its actual sales figures are higher

Highlights: More than 114 detained in connection to Nagpur violence so far

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Ola Electric falls 6% from day's high; Rosmerta withdraws insolvency plea

Ola Electric share price is down 64.5 per cent (as of Monday closing) from its all-time high of ₹157.3 per share

Ola Electric addresses sales discrepancies, vows to clear backlog

The company's clarification came amid sales figure mismatch, consumer complaints

Ola Electric shares surge 5% after reassuring investors on 'strong' sales

Shares of the electric vehicle maker have fallen 15 per cent this year, compared to a 1.6 per cent fall in the benchmark Nifty 50

Ola Electric denies regulatory issues, attributes low sales to backlog

Media reports claimed Ola Electric was under scrutiny as the Heavy Industries Ministry probes a gap between its reported February sales of 25,000 scooters and 8,600 Vahan registrations

Govt directs ARAI to investigate Ola Electric's sales mismatch, complaints

The Heavy Industries Ministry has directed Automotive Research Association of India (ARAI) to probe the mismatch between Ola Electric's reported sales figures and actual vehicle registrations along with numerous consumer complaints against the Bhavish Aggarwal-owned electric two-wheeler maker and submit a report within 15 days, sources said. While the total number of registrations by Ola Electric on the Vahan portal for February stood at 8,652, the company had reported sales of over 25,000 units during February 2025. As of March 20, the company's registrations stood at 11,781 on the Vahan portal. Ola Electric is a beneficiary of the FAME II and PM E-DRIVE schemes and its eligibility certificate has been provided by ARAI, a certification and testing agency under the administrative control of the ministry. "It is the responsibility of ARAI to ensure that the guidelines of the PM E-DRIVE Scheme are followed. The ARAI will probe the sales figures mismatch and also the consumer complaint

Ola Electric zooms 16% after hitting record low for a second straight day

Ola Electric share price: Combined with the volume on the National Stock Exchange (NSE), a total of 115.89 million shares have changed hands on the counter of Ola Electric Mobility

Missing the spark: Will Ola Electric's bike accelerate EV adoption?

Electric two-wheelers haven't quite taken off the way the industry predicted. Can Ola Electric's motorbike charge up the scene?

Ola Electric stock dips below Rs 50: What’s wrong? | Stock market news | Nifty50

Ola Electric, one of India’s biggest EV makers’ stock has taken a sharp fall, dropping below Rs 50 per share. Watch the video to understand what's really going on with the EV maker

Ola Electric shares drop 7.2% to record low after insolvency petition

Rosmerta Digital Services, a vehicle registration service provider and a creditor of Ola Electric Technologies, filed a petition against the unit alleging default in payments

Mobikwik, IKS, Ola, Hexaware from IPO index tank up to 15%, record new lows

Thus far in the calendar year 2025, BSE IPO index has underperformed the market by falling 22 per cent, as compared to 5.4 per cent decline in the BSE Sensex.

Ola Electric's unit faces 2 insolvency petitions over unpaid vendor dues

Rosmerta Digital Services Pvt. and Rosmerta Safety Systems - suppliers of vehicle registration services and high-security registration plates respectively - have separately filed insolvency pleas

Rosmerta Digital seeks insolvency proceedings against Ola Electric's arm

Ola Electric Mobility Ltd on Saturday said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly owned arm Ola Electric Technologies Pvt Ltd. In a regulatory filing, the company said, "A petition has been filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by M/s. Rosmerta Digital Services Ltd, an operational creditor of Ola Electric Technologies Pvt Ltd." The petition has been submitted before the National Company Law Tribunal's Bengaluru Bench, alleging default in payment towards the services rendered by the operational creditor and seeking initiation of the corporate insolvency resolution process (CIRP) against Ola Electric Technologies Pvt Ltd, it added. The company has sought appropriate legal advice and it strongly disputes the claims made, Ola Electric Mobility said, adding it would "take all necessary and appropriate steps to protect its interests and object to the ..