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Ola confirms govt notices on sales, registration gap

Financial Express Kochi

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March 22, 2025

Denies wrongdoing; says backlog due to negotiations

- NITIN KUMAR & NARAYANAN V

OLA ELECTRIC on Friday acknowledged receiving notices from the ministry of heavy industries (MHI) and the ministry of road transport and highways (MoRTH) regarding discrepancies in its reported sales and vehicle registration data. The company also acknowledged receiving notices from four states over the absence of trade certificates at some of its stores.

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