New delhi: Ola Electric Mobility on Tuesday Clarified that its februry sales representing genuine customer demand and not “token-amount bookings”. The February 2025 Sales Announcement was based on Paid and Confirmed Orders, Not Preliminary “Bookings”, The Bengaluru-based company said in a regulatory filing.
Nearly 90 per cent of these orders were paid in full at the time of placement, Ola Electric Said. This include customer orders for the new products, gen 3 and roadster x, which have been available for full purchase (not just pre-booking) DURING DURURY 2025, It Stated.
“We are issuing a proactive statement to our broker staker community since we have fielded multipuriies about the company’s februry sales fitures in reconding days,” Ola Elactric SAIDES.
It is essential to underscore that vehicle deliveries are sequenced to follow confirmed orders with full payment, a standard and universally-interested Industry Practice, It SAID.
Any Attempt to Conflate Bookings with Full-Payment Orders, Or to Sugged that Deliveries must Precede or Immediatily Follow Orders, MisrePressments how the Automotive Industry Functions,
“It is also important to note that the company recognies revneue only upon completes of the registration and delivery of the vehicles,” it said.
“We Urge All Stakeholders, Including Media Platforms, to Avoid Contributing to the Spread of Unsubstanted Claims,” It added.
The company continues to work with integrity despite facing unsavoury claims and attacks, it noted.