Heavy Industries, Highway Ministries search info from Ola Electrical on hole in registration, gross sales of EVs

Whereas the whole variety of registrations by Ola Electrical on the Vahan portal for February stood at 8,652, the corporate had reported gross sales of greater than 25,000 models throughout February 2025. File
| Picture Credit score: Reuters

Ola Electrical Mobility Restricted on Friday (March 21, 2025) stated Ministries of Heavy Industries, and Highway Transport and Highways have sought info from the corporate over hole in automobile registrations as per the Vahan portal and gross sales as per the agency’s regulatory submitting.

Apart from, the Ministries have additionally sought clarification on reviews “relating to non-compliance to the requirement of commerce certificates,” Ola Electrical Mobility stated in a regulatory submitting.

The queries from the 2 Ministries pertain to the “massive hole in automobile registration as per VAHAN portal and gross sales as per the corporate’s regulatory submitting dated February 28, 2025 for the month of February 2025,” it stated. “The corporate is within the strategy of responding to the above,” Ola Electrical stated.

Whereas the whole variety of registrations by Ola Electrical on the Vahan portal for February stood at 8,652, the corporate had reported gross sales of greater than 25,000 models throughout February 2025. As of March 20, the corporate’s registrations stood at 11,781 on the Vahan portal.

“Additional, the corporate stated it has acquired notices in 4 States with regard to commerce certificates for few of its shops in these States. The corporate is within the strategy of responding to the identical,” it added.

In a separate assertion, Ola Electrical asserted its gross sales stay robust and the short-term backlog in February was owing to ongoing negotiations with its distributors accountable for automobile registrations.

“This backlog is being quickly cleared, with each day registrations exceeding 50% of our three-month each day gross sales common. 40% of the February backlog has already been cleared and the remaining will probably be absolutely resolved by the top of March 2025,” it stated.

Claiming that vested pursuits have “intentionally misrepresented” information and enterprise “misinformation and smear campaigns,” the corporate stated.

“This intensified after we discontinued contracts with two nationwide distributors managing our registration course of as a part of our technique to streamline operations and drive profitability. Since then, a coordinated effort has been made to create confusion and set off pointless scrutiny,” it stated.

The corporate additional stated, “Our focus stays on resolving the backlog effectively and persevering with to serve our clients with transparency and reliability.” Final week, Ola Electrical Mobility had stated its automobile registration service supplier Rosmerta Digital Providers had sought initiation of insolvency proceedings in opposition to its wholly-owned arm Ola Electrical Applied sciences.

Rosmerta Digital Providers had submitted a petition earlier than the Nationwide Firm Legislation Tribunal, Bengaluru Bench, alleging default in cost in the direction of the providers rendered by the operational creditor and searching for initiation of the company insolvency decision course of (CIRP) Ola Electrical Applied sciences Non-public Restricted.

In February, Ola Electrical Mobility had said that it was renegotiating the phrases of settlement with its businesses, Rosmerta Digital Providers Non-public Restricted and Shimnit India Non-public Restricted to cut back value and improve registration course of efficiencies. The corporate had said that it could have a brief impression on its Vahan registration.