Ola Electric in Hot Seat: State Orders Mass Closures, Company Denies Notice

Ola Electric Mobility Ltd said it does not have any information on a formal notice to shut 100 of its showrooms in Maharashtra, even as state government agencies step up action against units functioning without proper trade certificates. The Maharashtra Transport Department recently began a massive crackdown, instructing regional transport offices to close down Ola Electric showrooms and service centers without the required trade certificate under the Motor Vehicles Act.

 

Key Highlights:

This regulatory move would go a long way in hampering Ola Electric's retail and service business in Maharashtra unless the compliance problems are addressed immediately.

 

Sources: Economic Times, NDTV, News18, Financial Express, Rushlane, Zigwheels