The state government of Maharashtra has decided to shut down 90 per cent of the showrooms of electric two-wheeler manufacturer Ola Electric, as per Livemint's report. This translates to a closure of 450 stores in the state. The report suggests that the reason behind the closure is the lack of permits for storing vehicles. When implemented, the move tends to disrupt the supply of two-wheeler electric vehicles in one of the largest markets.
Maharashtra is one of the biggest consumer states in the country in terms of electric two-wheeler EVs. For the same reason, it is a crucial market for Ola Electric. More than 41,000 of Ola's 344,000 sales across the country came from this state, highlighting its importance to their sales figures and brand visibility. However, the company is encountering difficulties in Maharashtra, as the majority of its showrooms in the area do not possess valid trade certificates, which points to significant issues with operational compliance.
-
The Mystery Of A Bare Nail In Ashwini Vaishnaw's Office -
Paris Setback, Asian Games Glory: Lovlina Borgohain's New Perspective -
To PM Modi's "Failed Product" Jab At Rahul Gandhi, A Shashi Tharoor Counter -
NDTV World Summit 2026: AI, Chips, Warfare And The Future Of The World | Key Conversations -
Kriti Sanon On Situationships, Open Relationships And Being Old-School -
'AI Scares Me': Kriti Sanon On Personality Rights And Need For Laws -
'AI Scares Me': Kriti Sanon On Personality Rights And Need For Laws -
'This Time I Wanted Gold': Savita Punia Reflects On Historic Asiad Success -
Favourite Bollywood Actor To 5-Year Plan, Kriti Sanon Interviews AI Actor Tilly Norwood -
Inside The Mind Of Archer Kumkum Mohod, Who Dared To Challenge South Korea
Also Read: 2025 Aprilia SR 175 Launched In India At Rs 1.26 Lakh
Ola's market share has experienced a decrease on a year-over-year basis, declining from 33.4 per cent to 19.6 per cent after the sale of 60,500 EVs in the first quarter of FY26. This decline follows prior regulatory scrutiny due to a gap between reported sales (25,000) and actual registrations (8,500). The company is now contending with heightened competition, as rivals such as TVS and Bajaj have outperformed Ola in June sales, complicating its recovery from operational and legal issues.
This comes while the brand has initiated the deliveries of its first electric motorcycle in the country, called the Ola Roadster X. The electric motorcycle was launched in India in February 2025.
Track Latest News Live on NDTV.com and get news updates from India and around the world