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Utilities
In a significant move, Ola Electric, one of India's leading electric two-wheeler manufacturers, has resolved its financial disputes with the Rosmerta Group, a key vendor responsible for handling vehicle registrations. This development comes as a welcome relief for Ola Electric, which has faced challenges in recent months due to discrepancies between sales figures and government registrations data.
The dispute between Ola Electric and Rosmerta Group began after Rosmerta filed an insolvency plea against Ola Electric Technologies, citing payment defaults. The petition was lodged with the National Company Law Tribunal (NCLT) in Bengaluru under Section 9 of the Insolvency and Bankruptcy Code, alleging that Ola Electric had defaulted on payments for services rendered.
The financial dispute arose during a time when Ola Electric was renegotiating contracts with its vehicle registration service providers, including Rosmerta Group. This led to a noticeable decline in vehicle registrations on the government-run Vahan portal, causing discrepancies between the company's reported sales figures and official registration data.
In late March 2025, Ola Electric announced that it had amicably settled all outstanding dues with Rosmerta, resulting in the withdrawal of the insolvency petitions. The settlement involved Ola Electric paying an estimated ₹26.75 crore to Rosmerta, resolving the entire claim before the NCLT.
The dispute had exacerbated a discrepancy between Ola Electric's reported sales and government registration data. In February, only about 8,652 Ola vehicles were registered, despite the company reporting sales of 25,000 units. Ola Electric attributed this gap to a "temporary vendor backlog" caused by ongoing negotiations with registration vendors like Rosmerta.
As of the latest updates, Ola Electric is actively addressing the registration backlog. The company has stated that daily registrations are now exceeding 50% of its average daily sales over the past three months. About 40% of the February backlog has been cleared, with plans to resolve the remaining by the end of March 2025.
Ola Electric's financial performance has been under scrutiny lately, with a significant net loss expansion in the October-December quarter. The company's operating revenue also declined, but it remains optimistic about turning its automotive division EBITDA positive by the April-June quarter, aided by cost-cutting initiatives.
The resolution of the dispute may help stabilize investor confidence. Ola Electric's stock, which had declined nearly 65% from its peak after listing in August 2024, has shown slight recovery following the announcement.
The settlement between Ola Electric and Rosmerta Group not only resolves immediate financial disputes but also helps mitigate operational challenges related to vehicle registrations. For Ola Electric, this development marks a crucial step in strengthening its vendor relationships and improving its operational efficiency. As the electric vehicle market continues to grow, Ola Electric will need to maintain strong supplier partnerships to maintain its competitive edge.
In the long term, resolving such disputes will be crucial for maintaining stability in the supply chain and ensuring smooth operations. With competitors like Ather Energy, Bajaj Auto, and TVS Motor increasingly active in the market, Ola Electric's success will depend on its ability to streamline operations and foster collaborative relationships with key vendors.
This resolution aligns with trends in the electric vehicle industry, where supply chain management, vendor relations, and government compliance are becoming increasingly important. As India moves towards electrification of its transportation sector, companies like Ola Electric must adapt to regulatory challenges while maintaining business continuity and market competitiveness.
