What’s The Matter?
Reports suggest that Electric’s reported sales for February reached 25,000 units, but government vehicle registration records on the Vahan portal showed only 8,600 registrations.
Ola Confirms Requests From :
Ola Responds:
The company clarified in a statement that their sales performance for the month of February remained strong, and they were actively working to resolve the registration backlog, which had caused inaccuracies in the reported data.
Official Statement From Ola:
We have noted the false narratives being spread about our February 2025 sales data. Here are the facts: Our sales remain strong, and the temporary backlog in February was due to ongoing negotiations with our vendors responsible for vehicle registrations. This backlog is being rapidly cleared, with daily registrations exceeding 50% of our three-month daily sales average. 40% of the February backlog has already been cleared, and the remaining will be fully resolved by the end of March 2025. This is a straightforward case of a temporary registration backlog, yet certain media outlets and vested interests have deliberately misrepresented it as a regulatory issue through misinformation and smear campaigns. This intensified after we discontinued contracts with two nationwide vendors managing our registration process as part of our strategy to streamline operations and drive profitability. Since then, a coordinated effort has been made to create confusion and trigger unnecessary scrutiny. Our focus remains on resolving the backlog efficiently and continuing to serve our customers with transparency and reliability.