Ola Electric Says ‘Not Aware’ Of Closure Action Against Stores In Maharashtra

'Missing Trade Certificates' Put Ola Under Government Investigation

Ola Electric is under more pressure than ever after the Transport Ministry requested trade certificates from the Bengaluru-based EV manufacturer. According to a media outlet, the company received a show-cause notification .The notice stated that Ola Electric must respond to the aforementioned questions within seven days of receiving this letter in order to prevent any negative consequences.Notice Also Seeking Details of Sales and Service Centres…

Ola Electric Says ‘Not Aware’ Of Closure Action Against Stores In Maharashtra

Ola Electric Mobility Ltd. is “not aware” of a closure notice against its stores in Maharashtra, a move that sent its stock into a tailspin on Friday.“We are not aware of any such negotiations/events regarding a notice from the authorities ordering immediate closure of over 100 showrooms in Maharashtra,” the Bengaluru-based electric two-wheeler maker said in an exchange filing on Friday. “Additionally, we’ve already informed the exchange, via ou…

Ola Electric Gets Govt Notice Over Missing Trade Certificates: Report

In a fresh trouble for Ola Electric, the transport ministry has reportedly hauled up the EV maker over missing trade certificates. An NDTV report said that the Union Ministry of Road Transport and Highways issued a show cause notice to Ola Electric yesterday, asking it to disclose the strength of stores and service centres that are operational currently. Besides, it also sought for the number of trade certificates obtained in the past three year…