Ola Electric stores see raids, seizures for allegedly not having trade certificates: Report
1 week, 4 days ago

Ola Electric stores see raids, seizures for allegedly not having trade certificates: Report

Hindustan Times  

Ola Electric Mobility Ltd. is in regulatory trouble, with transport authorities across various states conducting raids, closing showrooms, seizing vehicles and sending show-cause notices due to the stores allegedly not having trade certificates. India's Motor Vehicles Act mandates that every auto showroom, including that of two-wheelers, should have a trade certificate conspicuously displayed if it keeps unregistered vehicles. Ola had also told transport authorities since at least late 2023 that its experience centres are merely for “customer engagement” and not for direct sales, according to the report. Meanwhile, the company had also sporadically applied and obtained trade certificates in some locations in response to the transport department’s notices or raids, according to the report.

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History of this topic

Ola Electric under scrutiny over mismatching sales and registration data: Report
20 hours, 58 minutes ago

Ola Electric under scrutiny over mismatching sales and registration data: Report

Hindustan Times  

Ola Electric is currently facing increased regulatory scrutiny with the Ministry of Heavy Industries seeking details about discrepancies between the its reported sales and actual vehicle registrations. Ola Electric's S1 Air e-scooters are pictured inside its manufacturing facility in Pochampalli in the southern state of Tamil Nadu, August 15, 2023. As part of the probe, Maharashtra RTO officials inspected multiple …

Ola Electric under scrutiny over regulatory violations: Store raids, vehicles seized, showrooms shut. Details here
1 week, 4 days ago

Ola Electric under scrutiny over regulatory violations: Store raids, vehicles seized, showrooms shut. Details here

Live Mint  

Ola Electric Mobility Ltd.’s rapid expansion into brick-and-mortar showrooms is running into regulatory trouble. In response to customer complaints, transport authorities across Indian states have conducted raids, closed showrooms, seized vehicles and sent show-cause notices querying the Bhavish Aggarwal-led firm, according to internal documents and government warning letters seen by Bloomberg News. At least six local transport officials in interviews …

Ola Electric Showrooms Raided Across India For Trade Certificate Violations: Report
1 week, 6 days ago

Ola Electric Showrooms Raided Across India For Trade Certificate Violations: Report

ABP News  

Ola Electric Mobility’s rapid expansion into physical showrooms is facing regulatory challenges. However, a Bloomberg report revealed that, out of around 3,400 showrooms with available data, only slightly over 100 had the trade certificates required under India’s Motor Vehicles Act. India's Motor Vehicles Act India's Motor Vehicles Act requires that all auto showrooms, including those selling two-wheelers, prominently display a …

Ola Electric becomes first 2W EV manufacturer to bag PLI incentives
2 weeks, 1 day ago

Ola Electric becomes first 2W EV manufacturer to bag PLI incentives

The Hindu  

Ola Electric, India's largest electric vehicle company, has achieved a significant milestone by becoming the first two-wheeler automotive electric vehicle manufacturer in India to receive incentives under the Production Linked Incentive Scheme for Automotive and Auto Component. The PLI-Auto Scheme, launched by the Government of India, aims to boost domestic manufacturing in the automotive sector and promote the adoption of …

Ola Electric Gen 3 electric scooter range unveiled: Price, features, range, other details
Trending News
1 month, 3 weeks ago

Ola Electric Gen 3 electric scooter range unveiled: Price, features, range, other details

Hindustan Times  

Ola Electric Mobility Ltd unveiled its new Gen 3 electric scooter range on Friday, January 31, 2025. Ola Electric has also opened 4,000 stores and service centres across India by December 2024, Aggarwal announced during the presentation. Aggarwal also announced that Ola Electric now has a 25 per cent market share in India. At 10:35 am IST shortly before the …

Ola Electric stock bounces back with 4.5% gain after 3-day slump, still down 15% in January
Trending News
2 months, 1 week ago

Ola Electric stock bounces back with 4.5% gain after 3-day slump, still down 15% in January

Live Mint  

Shares of Ola Electric Mobility, India's leading two-wheeler electric vehicle manufacturer, staged a strong rebound in trade on Tuesday, January 14, ending their three-day losing streak. Ola Electric share price opened today’s session at ₹71.50 apiece and continued to surge, reaching a day’s high of ₹73.46—a 4.61% gain compared to the previous closing price of ₹70.18. In a letter shared …

Ola Electric faces increased scrutiny as Central Consumer Protection Authority seeks more information
2 months, 1 week ago

Ola Electric faces increased scrutiny as Central Consumer Protection Authority seeks more information

Live Mint  

The Central Consumer Protection Authority, which has requested additional information from Ola Electric Mobility in relation to a December order, the company told the exchanges on January 10. Requests for Additional Information “In continuation of the earlier letter received from the Central Consumer Protection Authority, dated December 04, 2024, by Ola Electric Mobility, we would like to inform you that …

SEBI warns Ola Electric for disclosure lapses
2 months, 1 week ago

SEBI warns Ola Electric for disclosure lapses

The Hindu  

India's markets regulator has warned Ola Electric against sharing company-related information on social media before disclosing it to investors, adding to a slew of problems for the electric two-wheeler maker. The letter from the Securities and Exchange Board of India, disclosed by Ola Electric late on Tuesday, said that the company had failed provide "equal and timely access" to its …

Explained: Why Ola Electric share price surged 6% in early trade
2 months, 3 weeks ago

Explained: Why Ola Electric share price surged 6% in early trade

India Today  

Ola Electric Mobility's share price gained 6% after it announced a significant expansion of its retail footprint. The company aims to enhance electric vehicle adoption by extending its reach beyond tier-1 and tier-2 cities to smaller towns and tehsils across India. Earlier this month, Ola Electric received a showcause notice from the Central Consumer Protection Authority for additional documents regarding …

OLA Electric stock rebounds 15% from day’s low amid aggressive store expansion push—details here
3 months, 2 weeks ago

OLA Electric stock rebounds 15% from day’s low amid aggressive store expansion push—details here

Live Mint  

Despite starting today’s trading session on a weak note, falling 7 per cent, OLA Electric shares staged a strong recovery, erasing early losses to trade at ₹93.70 apiece, up 7 per cent from the previous close of ₹87.41. Despite the drop, OLA Electric retained its leadership position in the electric two-wheeler segment, holding a market share of 24.54 per cent …

Ola Electric faces govt probe amid complaints over service standards
4 months ago

Ola Electric faces govt probe amid complaints over service standards

Hindustan Times  

The Bureau of Indian Standards will probe Ola Electric, the country’s largest maker of e-scooters, for deficient services and product quality, an official said on Thursday. The move comes after CCPA’s notice to Ola Electric last month, seeking a response from the SoftBank-backed company over more than 10,000 complaints from customers on the National Consumer Helpline. Angry customers recently took …

Trouble for Ola Electric: Consumer watchdog orders probe into complaints
4 months ago

Trouble for Ola Electric: Consumer watchdog orders probe into complaints

Live Mint  

Signalling mounting trouble for Ola Electric, the Central Consumer Protection Authority has ordered a detailed probe into alleged “deficiencies” in the company’s services and products, specifically regarding its scooters. The top consumer rights regulator has directed the Bureau of Indian Standards to verify the company’s claims regarding its resolution of customer grievances, consumer affairs secretary Nidhi Khare said on Thursday. …

More trouble for Ola Electric, faces investigation over service standards: Report
Trending News
4 months, 1 week ago

More trouble for Ola Electric, faces investigation over service standards: Report

India Today  

The country's leading certification agency, the Bureau of Indian Standards, is set to investigate Ola Electric over alleged deficiencies in service standards and product quality, according to Consumer Affairs Secretary Nidhi Khare. In October, the CCPA requested Ola Electric to explain why it had received nearly 10,000 complaints from customers. The rising volume of complaints has brought regulatory scrutiny upon …

Ola Electric to launch new EVs every quarter, expand store network to 2,000 by 2025
4 months, 1 week ago

Ola Electric to launch new EVs every quarter, expand store network to 2,000 by 2025

New Indian Express  

MUMBAI: Ola Electric, India’s largest electric two-wheeler manufacturer, is ramping up its expansion efforts with plans to launch one new product every quarter and increase its company-owned stores to 2,000 by March 2025. “Over the next two years, we will be launching 20 products, with at least one new product launch every quarter,” stated Ola Electric in its latest investor …

Hackers use phishing to swindle crores from potential EV buyers, dealers
3 years ago

Hackers use phishing to swindle crores from potential EV buyers, dealers

Live Mint  

NEW DELHI: On December 6 last year, Twitter user Aniket Mudame posted a picture on Twitter detailing a document he received about opening an Ola dealership. But while these users had the wherewithal to seek advice, thousands have fallen prey to phishing scams designed to take advantage of gullible users looking to jump on the ‘electric vehicle revolution’. These fraudulent …

Ola Electric sells ₹1,100 cr e-scooters in two-day sale
3 years, 6 months ago

Ola Electric sells ₹1,100 cr e-scooters in two-day sale

Live Mint  

Ola Electric has sold more than ₹1,100 crore worth of electric scooters during a two-day sale, the electric vehicle company controlled by Ola Cabs’ co-founder Bhavish Aggarwal said. On Wednesday, the first day of the sale, Ola Electric clocked ₹600 crore in sales and claimed it sold four scooters every second in the first 24 hours. Aggarwal said customers who …

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