Ola Electric Clarifies Insider Trading Allegations

Ola Electric has been brought under the scrutiny of the Securities and Exchange Board of India once again. It was reported that the manufacturer was involved in insider trading. But on May 2, 2025, the EV marque clarified in an official statement that the accuracy of that said article was factually incorrect, and that there were no such instances of felony within. The Bengaluru-based EV manufacturer was also pulled up by the regulation authorities for several issues ranging from reporting fales sales, to operating showrooms without valid trade license.

As per Ola Electric, the employee referenced in the media report works for Ola Electric Technologies Private Limited and possesses Employee Stock Ownership Plans (ESOPs) in Ola Electric Mobility Limited. The company explained that the transactions mentioned were standard ESOP exercise activities and did not involve any purchases in the open mark. 

The statement, officially signed by Pritam Das Mohapatra, Company Secretary and Compliance Officer, has been published on the company's website to maintain transparency. Ola Electric expressed concern that such inaccurate media coverage could harm its reputation and affirmed its dedication to complying with all regulatory requirements.

While Ola’s consistent legal battle continues, its product onslaught has not stopped short. The brand is yet again number two in the monthly electric two-wheeler sales charts as per Vahan, losing out to TVS this time round. The Ola Roadster X has also started to roll off the production line, and should reach showrooms in the coming weeks or month at least.