Shares of Ola Electric Mobility dropped 2% to ₹53 on Wednesday as the company faces growing challenges, including government scrutiny and financial troubles.

According to CNBC-TV18, India’s Ministry of Heavy Industries is investigating a difference between Ola Electric’s reported sales and actual vehicle registrations. As part of this probe, Maharashtra’s State Transport Authority has inspected several Ola showrooms. The company has not yet responded to these allegations.

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Ola Electric’s Growing Troubles

Ola Electric has faced several setbacks recently. On March 17, its stock hit a record low after the company revealed that one of its subsidiaries was facing an insolvency petition from a creditor. Additionally, the Indian government issued a notice to Ola Electric for missing an important deadline in the construction of its planned battery “gigafactory.”

Stock Performance Declines

The ongoing issues have made investors nervous. In 2025, Ola Electric’s stock has dropped by around 38% and is now 66% lower than its highest price in August 2024.

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Experts believe that regulatory problems and operational struggles could continue to impact the company’s performance. Investors are being cautious as Ola Electric tries to fix these problems and stabilize its business.