Ola Electric is under investigation by the Ministry of Heavy Industries over discrepancies between its reported sales and actual vehicle registrations, according to CNBC-TV18 sources.
The company claimed to have sold 25,000 electric scooters in February 2025, but data from the government’s Vahan portal indicates only 8,600 registrations during the same period.
As part of the probe, the Maharashtra Regional Transport Office (RTO) inspected several Ola Electric showrooms across the state, including in Pune. Officials checked whether vehicles had proper documentation and were sold with valid trade certificates. Following the inspections, authorities seized 36 scooters in Mumbai and Pune due to compliance violations.
The crackdown extends beyond Maharashtra. In Punjab, multiple Ola Electric outlets have reportedly shut down, while in Jabalpur, RTO officials issued notices after finding unregistered scooters being sold without valid trade certification.
This isn’t Ola Electric’s first regulatory challenge. Earlier this year, the Securities and Exchange Board of India (SEBI) warned the company over lapses in disclosures.
Despite being a leading player in India’s electric two-wheeler market, competing with Ather Energy, Bajaj Auto, and TVS Motor, Ola Electric has faced issues related to transparency, customer service, and service infrastructure.
In the October-December quarter, the company reported a Rs 564 crore loss due to weak demand and heavy discounting. Even with cost-cutting efforts, its stock has struggled since listing, raising investor concerns about financial stability and long-term growth.
