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Ola Electric Counted Yet-to-Be Launched E-Motorbikes in Its February Sales

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Ola Electric Counted Yet-to-Be Launched E-Motorbikes in Its February Sales

Ola Electric Mobility counted its yet-to-be launched electric motorcycles and e-scooter bookings in its February sales number, making its market share look larger as it struggles to win back investor confidence. The SoftBank Group Corp-backed firm told India’s Ministry of Road Transport and Highways in a March 21 letter that it added customer bookings for … Read more

Ola Electric Stores See Raids, Seizures on Flouting India Rules

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Ola Electric Stores See Raids, Seizures on Flouting India Rules

Ola Electric Mobility Ltd.’s rapid expansion into brick-and-mortar showrooms is running into regulatory trouble. The Bengaluru-based electric scooter maker, once a champion of the digital-only sales model, recently scaled up to 4,000 physical locations since 2022. A Bloomberg news investigation has found that out of roughly 3,400 showrooms for which data is available, a little … Read more