iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Ola Electric Faces Third MoRTH Notice Over Sales Mismatch

31 Mar 2025 , 03:39 PM

The Ministry of Road Transport and Highways (MoRTH) has issued a third letter to the electric two-wheeler startup Ola Electric, about the discrepancies in its sales and registrations for February 2025

The MoRTH has also raised concerns about the accuracy of Ola’s claims of selling 25,000 scooters in February after only 8,652 scooters were actually registered. This discrepancy has been blamed on an ongoing dispute with the vehicle registration vendors used by the company.

Ola Electric has said that they plan to register all scooters sold in February by end of March 2025. Approximately 19,000 Ola Electric scooters have been registered as of March. But it is not yet clear how many were sold in February compared to March.

So it has sent some specific queries to Ola Electric to confirm the real number of scooters sold and delivered in February, as well as the number of scooters registered. The company has also been asked to state how many scooter models being sold currently have valid trade certificates.

The queries comes with a seven-day deadline to reply, which is issued to Ola Electric. However, the company has received notice from various state level RTOs to stop its operations, and showrooms have been closed and the scooters have been impounded due to the absence of a valid trade certificate.

The Ministry of Heavy Industries is now waiting for a comprehensive report to be submitted by (Automotive Research Association of India) ARAI to find out if Ola Electric has operational service centres across the country and if it broke any laws regarding sales reporting.

In another development, Ola Electric has settled its legal matter with Rosmerta Digital Services Limited. Ola Electric’s dues, of ₹23 crore, remained unpaid, prompting Rosmerta to file a petition with the National Company Law Tribunal (NCLT) over the same.

Related Tags

  • MoRTH Notice
  • OLA
  • ola electric
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

Top Stocks for Today - 30th April 2025
30 Apr 2025|06:17 AM
Fino Payments Bank FY25 Profit Jumps 26%
29 Apr 2025|11:48 PM
Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.