Ola Electric, a leading electric vehicle (EV) manufacturer, has confirmed that it is being questioned by the Ministry of Heavy Industries (MHI) and the Ministry of Road Transport and Highways (MoRTH). The inquiries are reportedly related to discrepancies in the company’s sales data and issues concerning trade certificates required for its operations.
In a statement released on Friday, Ola Electric acknowledged that it had received formal inquiries from both government ministries. These inquiries are aimed at understanding whether the company has complied with the guidelines governing EV registrations and trade certificates. Trade certificates are essential permits that manufacturers need to legally conduct test drives, register vehicles, and carry out other trade-related activities.
The scrutiny comes at a time when the government is tightening its oversight of the EV sector to ensure greater transparency and adherence to regulations. The Ministry of Heavy Industries had earlier expressed concerns over potential irregularities in subsidy claims under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme. This scheme offers financial incentives to EV manufacturers to boost electric vehicle adoption in India.
Ola Electric’s sales data and certification practices are now under review to check for any possible violations. Discrepancies in sales figures, if confirmed, could affect the subsidies granted under the FAME scheme, which aims to make EVs more affordable for consumers.
The company, known for its popular electric scooters, has said it will fully cooperate with the government and provide all necessary information. Ola Electric has emphasized that it remains committed to transparency and compliance with all regulatory requirements.
This development is part of a broader government initiative to regulate the fast-growing EV sector and ensure that companies adhere to ethical business practices. It also highlights the increased scrutiny on manufacturers seeking subsidies under government schemes aimed at promoting sustainable mobility.
As the investigation continues, all eyes will be on Ola Electric and how the company addresses the concerns raised by the ministries. Any findings from the probe could impact not only Ola but also other players in the EV industry as the government pushes for stricter compliance to strengthen the EV ecosystem in India.
