In response to recent media speculation, Ola Electric has taken proactive steps to clarify its sales figures for February 2025, addressing concerns raised by a Bloomberg report. The electric vehicle (EV) maker faced criticism after the report claimed that Ola Electric included “bookings” of electric scooters and motorcycles in its February sales numbers without fulfilling deliveries. In its statement, Ola Electric described these claims as “misinformation” and reaffirmed its commitment to transparency and accuracy in reporting sales data.
Clarification on February 2025 Sales Figures
Ola Electric took to the stock markets to clarify the situation, emphasizing that the February 2025 sales announcements were based on “paid and confirmed orders” rather than “preliminary bookings.” The company made it clear that these were not speculative or unfulfilled orders but solid, paid transactions by customers.
The clarification followed a Bloomberg article which raised concerns about the inclusion of orders that had not yet been fulfilled in the reported sales figures. Ola Electric responded by highlighting that 90% of the orders placed in February were paid in full at the time of order placement, affirming that these transactions were legitimate and accounted for properly in their sales report.
New Two-Wheelers Contributing to the Surge in Sales
Another key aspect of the clarification was the mention of new vehicle models contributing to the sales figures. Ola Electric’s Gen 3 and Roadster X models, which went live for purchase in February 2025, were a significant factor in the surge in orders. The company explained that these models were included in the February sales announcements, reinforcing the legitimacy of the reported figures. The inclusion of such high-demand models helped drive customer interest, further substantiating the claim that these were confirmed and paid orders, not preliminary bookings.
Ola Electric’s Commitment to Transparency and Customer Confidence
As one of India’s leading electric vehicle manufacturers, Ola Electric’s market position is under intense scrutiny, and the company has a vested interest in maintaining customer trust and confidence. In light of recent controversies, Ola Electric has taken measures to clarify its position and highlight the integrity of its sales figures.
The EV market, particularly in India, has seen rapid growth, with several manufacturers vying for market share. In such a competitive landscape, accurate and transparent reporting is vital to maintaining investor and customer trust. Ola Electric’s swift and detailed response to the Bloomberg report reflects its proactive approach to transparency and accuracy in its dealings.
What the Clarification Means for the EV Industry
Ola Electric’s clarification comes at a time when the electric vehicle sector is experiencing significant growth and evolution. As more consumers shift toward electric mobility, transparency in sales reporting will play a key role in building credibility for companies in this space. Ola Electric’s response demonstrates a commitment to clean business practices, customer satisfaction, and delivering on promises made to consumers.
The clarification should help alleviate any concerns among stakeholders, including investors, customers, and the broader public, who may have been questioning the company’s sales reporting. This move also sets a positive example for other players in the industry on how to handle misinformation or confusion in the public domain.
Conclusion
Ola Electric’s response to the recent media reports highlights the company’s commitment to transparency and accurate communication with its customers and stakeholders. By clarifying that its February 2025 sales were based on confirmed and fully paid orders, including its new EV models, the company has made it clear that it is not inflating its sales figures. As the EV sector continues to grow, companies like Ola Electric will need to maintain high standards of clarity and integrity to foster trust in this rapidly expanding market.
