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Ola Electric is under fire for inflating its February sales by counting bookings for vehicles that haven’t been delivered—or even launched. The move padded its market share at a time when it’s struggling to regain investor confidence.
Quite frankly, there isn’t a faster way to lose confidence with the investor community than such shenanigans.
The deets: Ola claimed 25,207 vehicle sales in February 2025. But nearly 12,000 of those were just bookings:
- 10,866 third-gen e-scooters (deliveries only began in March)
- 1,395 Roadster X motorcycles (yet to launch)
Government registration data told a different story: just 8,600 Ola vehicles were actually registered, about a third of the claimed figure.
The Ministry of Road Transport & Highways (MoRTH) has flagged the discrepancy and asked Ola to revise the data within 7 days “to avoid adverse action.”
Background: this isn’t Ola’s first regulatory run-in.
Last year, the company received a notice from the Central Consumer Protection Authority for misleading ads and unfair trade practices.
SEBI also pulled it up for announcing updates on social media before informing exchanges.
