Ola Electric Mobility Ltd. is likely to clock lower VAHAN registrations in the month of February, but sales remain on track.
That's due to renegotiation of contracts with Rosmerta Digital Services Pvt. and Shimnit India Pvt., which carry out the vehicle registrations for India's largest electric two-wheeler maker, according to an exchange filing on Wednesday.
"As a result of these ongoing negotiations, the registration numbers for the month of February 2025, as reflected on the VAHAN portal, will be temporarily impacted, while there will be no change in sales."
"Our sales continue to be strong through February 2025 and the dip in registration will be streamlined in the next few weeks," the filing stated.
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