Ola Electric Delays Roadster X Delivery Schedule For The Second Time
Ola Electric Mobility Ltd. has for the second time in two months pushed back the delivery schedule of its Roadster X motorcycle, amid increased scrutiny of its sales figures.
“With reference to our earlier intimation dated 11 April 2025, we wish to inform you that the deliveries of the Roadster X motorcycle will now commence in May 2025,” the EV maker said in a late-night exchange filing on April 30.
The company, led by founder billionaire Bhavish Aggarwal, first unveiled the Ola Roadster X motorcycle on 5 February with deliveries scheduled to start by mid-March. That, however, didn't happen as the vehicle hadn't even undergone homologation two weeks before the delivery schedule, NDTV Profit reported on 3 March.
On April 11, Ola Electric informed the stock exchanges that the first Roadster X bikes had rolled off the assembly line at its Futurefactory in Tamil Nadu, with the promise that the deliveries would begin in April itself. Now, that's pushed to May.
It is noteworthy that the delays haven't stopped Ola Electric from including Roadster X in its sales figures.
The Bengaluru-based EV maker, in a letter dated March 21, told the Union Ministry of Road Transport and Highways that it added customer bookings of 1,395 Roadster X motorcycles in its February sales data as “confirmed orders”. They are still not on the road yet.
Since then, Ola Electric's February sales mismatch, as well as a botched store expansion in December last year, has come under scrutiny of regulators in New Delhi and Mumbai. On Friday, NDTV Profit reported that India's market regulator is now looking into the company's machinations, for indications of insider trading and related-party transactions.
-
India's Troika Of Good Luck | Joining The Dots
A weaker Trump, a cooling AI trade and resilient earnings have put Indian markets back in favour. Rising inflation could spoil the party.
-
Talking Points This Week: Leadership Shock At Nvidia, Earnings Strength, And The Fog Over Hormuz
The Anthropic IPO pricing and first trading day, Nvidia's upcoming earnings, and any fresh signals from Iran will set the tone for the following week.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
