The temporary backlog in February was due to ongoing negotiations with our vendors responsible for vehicle registrations.
FinTech BizNews Service
Mumbai, March 21, 2025: Ola Electric has issued a media statement today about it's February 2025 sales data:
"We have noted the false narratives being spread about our February 2025 sales data. Here are the facts:
Our sales remain strong, and the temporary backlog in February was due to ongoing negotiations with
our vendors responsible for vehicle registrations. This backlog is being rapidly cleared, with daily
registrations exceeding 50% of our three-month daily sales average. 40% of the February backlog has
already been cleared, and the remaining will be fully resolved by the end of March 2025.
This is a straightforward case of a temporary registration backlog, yet certain media outlets and vested
interests have deliberately misrepresented it as a regulatory issue through misinformation and smear
campaigns. This intensified after we discontinued contracts with two nationwide vendors managing our
registration process as part of our strategy to streamline operations and drive profitability. Since then, a
coordinated effort has been made to create confusion and trigger unnecessary scrutiny.
Our focus remains on resolving the backlog efficiently and continuing to serve our customers with
transparency and reliability."
