Ola Holds March Sales Figures; Says Will Clear Backlog in April

In March, Bajaj Auto Claimed the Top Spot in the Electric Two-Wheeler Market With 34,863 New Registrations

- Manas Pimpalkhare & Ayaan Kartik

Ola Electric Mobility Ltd did not disclose its monthly sales figures for the first time, following a month-long lull in registering new vehicles.

The Bengaluru-based electric scooter maker quoted data on the government's Vahan portal to report 23,450 new vehicle registrations in March. The portal records registrations instead of company despatches.

A month ago, Ola had said that the Vahan portal would not record sales accurately due to issues in the company's registration process.

"As shared earlier, the shift to in-house vehicle registrations in February led to temporary disruptions. While the transition continues, daily registration volumes and backlog clearance are steadily improving," Ola Electric said in a filing on Tuesday.

In February, the Vahan portal showed Ola Electric's new vehicle registrations at 8,653 units.