Nearly 90% of orders in February sales fully paid, says Ola Electric

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Nearly 90% of orders in February sales fully paid, says Ola Electric - Business Standard

Quick Summary:

The company attributed the registration gap to ongoing renegotiations with two vendors, which it said had delayed registrations during that period.

In a March 31 communication, it asked the company to revise its figures to reflect only those vehicles that had been invoiced and delivered, warning of “adverse action” if clarification was not provided within seven days.

This contrasts with government vehicle registration data, which recorded only about 8,600 Ola vehicle registrations in February — nearly a third of what the company reported.