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Ola Electric clarifies sales figures, states 90% of orders were fully paid, amid scrutiny and stock drop.
Ola Electric clarified that its February 2025 sales figures were based on paid and confirmed orders, not just bookings, for its new electric vehicles.
This came after reports suggested Ola inflated its sales by including orders for vehicles not yet released, raising concerns about inflated market share.
The company stated nearly 90% of orders were fully paid.
Ola faces scrutiny from the Ministry of Road Transport & Highways and has seen its stock drop 60% since its listing last August.
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Ola Electric aclara las cifras de ventas, estados 90% de los pedidos fueron totalmente pagados, en medio de escrutinio y caída de existencias.