Ola Electric Counted Unlaunched Models In February Sales: Report

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SUMMARY

In a letter to the Ministry of Road Transport and Highways dated March 21, Ola Electric said that its February sales figures included customer bookings for 10,866 Gen3 escooters and 1,395 Roadster X motorcycles

Ola has not even rolled out Roadster motorcycles yet, while it kicked off deliveries of Gen3 escooters last month

The Centre sought clarification from Ola on its sales numbers and warned it “adverse action” if did not respond within seven days

Ola Electric is staring at strict regulatory action after the…



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Ola Electric Counted Unlaunched Models In February Sales: Report


SUMMARY

In a letter to the Ministry of Road Transport and Highways dated March 21, Ola Electric said that its February sales figures included customer bookings for 10,866 Gen3 escooters and 1,395 Roadster X motorcycles

Ola has not even rolled out Roadster motorcycles yet, while it kicked off deliveries of Gen3 escooters last month

The Centre sought clarification from Ola on its sales numbers and warned it “adverse action” if did not respond within seven days

Ola Electric is staring at strict regulatory action after the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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