Ola Electric Mobility Limited has issued a strong clarification regarding recent media reports about its February 2025 sales data, calling the narratives misleading and factually incorrect. In a media statement released on March 21, the company asserted that its sales remain robust and attributed the temporary dip in registrations to backend issues involving vendor negotiations.
The company clarified that the temporary backlog in registrations during February was caused by ongoing transitions with registration vendors, not regulatory actions as claimed in certain reports. Ola noted that it has already cleared 40% of the backlog and expects the remaining to be resolved completely by the end of March 2025. It further stated that daily registrations have now exceeded 50% of its three-month daily average.
Ola Electric alleged that the situation was deliberately misrepresented by certain media outlets and other vested interests after the company discontinued contracts with two nationwide registration vendors. This move was part of Ola’s broader strategy to streamline operations and enhance profitability.
“Our focus remains on resolving the backlog efficiently and continuing to serve our customers with transparency and reliability,” the company said in the statement.
The official clarification is available on the company’s investor relations page: olaelectric.com/investor-relations/announcements.
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