INSUBCONTINENT EXCLUSIVE:
Shares of Ola Electric Mobility slipped as much as 3.5% on Wednesday to Rs 42.60 on BSE after a report mentioned that the Maharashtra
Transport Department had directed regional authorities to shut down the business display rooms and service centres operating without valid
trade certificates.The regulative action follows a letter dated April 16 from the states Joint Transport Commissioner, which noted that 121
Ola Electric display rooms were found running without the mandatory trade certificates, and 109 show-cause notifications had actually been
According to TheIndianSubcontinent, which mentioned the letter, 75 display rooms have already been shut down.The state transportation
department has actually now advised district-level transportation offices to take instant action
If the display room or store-cum-service center of M/s Ola Electric Mobility Limited in your area of operation is performing business
without obtaining a trade certificate from the transportation office, action must be required to close that center or showroom, and its
original trade certificate must be cancelled, the letter stated.The crackdown belongs to a broader enforcement drive by the Maharashtra
federal government, which has already conducted multiple raids on Ola Electric outlets
According to the same letter, a total of 192 cars were taken throughout these operations.Regulatory scrutiny and sales slumpLive EventsThe
regulatory headwinds come at a time when Ola Electric is already under pressure from central ministries
Last month, the business got inquiry emails from the Ministry of Heavy Industries and the Ministry of Road Transport and Highways over
declared violations related to trade certificates and disparities in lorry registrations.This analysis has actually coincided with a sharp
wear and tear in the companys functional performance
According to Vahan data cited by TheIndianSubcontinent, Ola Electric has actually sold 69,142 electric scooters so far in 2025 a steep drop
from 1,54,297 units during the exact same duration last year
The decline has significantly deteriorated the companys market share in the electrical two-wheeler segment.Eroding market positionOla
Electrics market share has actually declined greatly from 33.4% to 19.6% year-on-year, after offering 60,500 systems in the very first
The business has actually ceded ground to competitors TVS Motor, Bajaj Auto, and IPO-bound Ather Energy, all of whom exceeded Ola in June
sales.This follows an earlier compliance issue this year, when a space in between reported sales of 25,000 systems and only 8,500 real
registrations raised fresh questions about the business disclosure practices.The business monetary efficiency has actually also revealed
In Q1 FY26, net loss broadened to Rs 428 crore, up from Rs 347 crore in the same quarter last year
Earnings cut in half to Rs 828 crore, compared to Rs 1,644 crore in Q1 FY25.|Maharashtra transport department cracks down on Ola Electric
display rooms operating without trade certificates(Disclaimer: Recommendations, recommendations, views and viewpoints provided by the
professionals are their own
These do not represent the views of TheIndianSubcontinent)
