<p>New Delhi: Ola Electric Mobility on Tuesday clarified that its February sales represent genuine customer demand and not "token-amount bookings".</p>.<p>The February 2025 sales announcement was based on paid and confirmed orders, not preliminary "bookings", the Bengaluru-based company said in a regulatory filing.</p>.<p>Nearly 90 per cent of these orders were paid in full at the time of placement, Ola Electric said.</p>.India's Ola Electric unit settles dues with registration agency.<p>This includes customer orders for the new products, Gen 3 and Roadster X, which have been available for full purchase (not just pre-booking) during February 2025, it stated.</p>.<p>"We are issuing a proactive statement to our broader stakeholder community since we have fielded multiple inquiries about the company's February sales figures in recent days," Ola Electric said.</p>.<p>It is essential to underscore that vehicle deliveries are sequenced to follow confirmed orders with full payment, a standard and universally-accepted industry practice, it said.</p>.<p>Any attempt to conflate bookings with full-payment orders, or to suggest that deliveries must precede or immediately follow orders, misrepresents how the automotive industry functions, it added.</p>.<p>"It is also important to note that the company recognises revenue only upon completion of the registration and delivery of the vehicles," it said.</p>.<p>"We urge all stakeholders, including media platforms, to avoid contributing to the spread of unsubstantiated claims," it added.</p>.<p>The company continues to work with integrity despite facing unsavoury claims and attacks, it noted. </p>
<p>New Delhi: Ola Electric Mobility on Tuesday clarified that its February sales represent genuine customer demand and not "token-amount bookings".</p>.<p>The February 2025 sales announcement was based on paid and confirmed orders, not preliminary "bookings", the Bengaluru-based company said in a regulatory filing.</p>.<p>Nearly 90 per cent of these orders were paid in full at the time of placement, Ola Electric said.</p>.India's Ola Electric unit settles dues with registration agency.<p>This includes customer orders for the new products, Gen 3 and Roadster X, which have been available for full purchase (not just pre-booking) during February 2025, it stated.</p>.<p>"We are issuing a proactive statement to our broader stakeholder community since we have fielded multiple inquiries about the company's February sales figures in recent days," Ola Electric said.</p>.<p>It is essential to underscore that vehicle deliveries are sequenced to follow confirmed orders with full payment, a standard and universally-accepted industry practice, it said.</p>.<p>Any attempt to conflate bookings with full-payment orders, or to suggest that deliveries must precede or immediately follow orders, misrepresents how the automotive industry functions, it added.</p>.<p>"It is also important to note that the company recognises revenue only upon completion of the registration and delivery of the vehicles," it said.</p>.<p>"We urge all stakeholders, including media platforms, to avoid contributing to the spread of unsubstantiated claims," it added.</p>.<p>The company continues to work with integrity despite facing unsavoury claims and attacks, it noted. </p>