Ola Electric’s shares dropped by 4% due to regulatory scrutiny regarding electric scooter registration discrepancies. The Ministry of Heavy Industries is seeking clarification from Ola Electric Mobility on reported sales figures versus actual registrations. Maharashtra RTO officials visited Ola showrooms, as per CNBC-TV18.
Last month, Ola Electric reported selling 25,000 vehicles, but Vahan portal data revealed only 8,600 vehicle registrations, leading to doubts about the sales accuracy. This sparked regulatory scrutiny, and various transport authorities have acted against Ola Electric for lacking valid trade certificates.
Regulatory actions, including raids, closures, seizures, and notices, targeting Ola Electric have influenced its market reputation. Maharashtra Transport Department is also pursuing alleged trade certificate violations, adding to the company’s challenges.
Ola Electric’s shares have dropped significantly, falling 14% in a month and more than 54% in the last six months. The EV stock is down 40% on a year-to-date basis. Despite a flat debut at ₹76 apiece in August 2025, the share price surged to ₹157.53 apiece on August 20, before sharply declining to ₹46.32 apiece on March 18 this year.
Sources News From Various Digital Platforms, Websites, Journalists, And Agencies.
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