Ola Electric is being investigated by SEBI (Securities and Exchange Board of India) for possible mistakes in how it reported its sales numbers in February 2025.
The investigation started because there was a big difference between the sales Ola reported and the actual vehicle registration numbers. SEBI is now checking Ola’s past reports to see if investors were given the wrong information.
Ola explained that the mismatch happened because there was a backlog in vehicle registrations. They also said that they included bookings for vehicles that were not yet delivered in their sales figures.Meanwhile, the Ministry of Road Transport and Highways has asked Ola to update and correct its sales numbers.
The situation is still developing, and both SEBI and the Ministry are closely watching Ola’s next steps.
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