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Ola's February sales included e-scooters not rolled out yet
Bangkok Post
|April 08, 2025
Ola Electric Mobility Ltd counted its yet-to-be launched electric motorcycles and e-scooter bookings in its February sales number, making it share lost to struggles as it battles twin market share, regulatory defiance.
The SoftBank Group Corp-backed firm told India's Ministry of Road Transport and Highways in a March 31 letter that it added customer bookings for 10,886 third-generation e-scooters as well as 1,395 Roadster e-motorcycles in its February sales record, calling them as "confirmed orders."
A ministry source said half had been rolled out so far, while third-gen scooter deliveries began in March. These two categories together accounted for nearly 50% of the 25,207 "confirmed orders" in February, Ola's letter shows.
The ministry had asked the company to clarify as its e-scooters might still be.
The Bhavish Aggarwal-led firm had reported February sales of "more than 25,000 units" in a Feb 28 filing. But the vehicle registration data from a government portal showed only 8,000 units, roughly a third of the sales figure.
This story is from the April 08, 2025 edition of Bangkok Post.
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