Ola Electric Faces SEBI Investigation for Insider Trading; Share Prices Unchanged

Ola Electric Mobility Ltd experienced a flat trading day, despite reaching a high of Rs 49.32 on May 2nd. The Securities and Exchange Board of India (SEBI) has initiated an investigation into potential insider trading and related party transactions involving Ola Electric during the period from October to December 2024.

This inquiry stems from concerns surrounding the accuracy of Ola’s sales disclosures in February 2025. Data from the VAHAN portal indicated the sale of 8,600 units with an 11.4% market share, while Ola claimed to have sold 25,000 units with a 28% share, highlighting a significant disparity.

Following this revelation, the Ministry of Heavy Industries and the Ministry of Road Transport sent emails seeking clarification on the matter. Additionally, Ola Electric received notices from four states regarding trade certificates at specific outlets and assured that they were addressing these discrepancies.

On a separate note, reports surfaced claiming that over 100 showrooms in Maharashtra were compelled to shut down, yet Ola refuted receiving any such directives. As of 1:17 PM, Ola Electric’s shares were trading 0.53% lower at Rs 48.43 on the National Stock Exchange (NSE).

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In summary, the recent investigation into Ola Electric sheds light on potential irregularities in sales disclosures and related transactions, prompting regulatory scrutiny and investor concern. As the situation evolves, continued monitoring of Ola Electric’s stock performance and regulatory developments will be crucial for stakeholders in the market.