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Ola Electric didn’t stop digging
This episode of The Nutgraf was first published on 12 April.
Unlock immediate access to the latest episodes and all of The Ken’s audio offerings by subscribing to The Ken’s Premium plan at the-ken.com/pricing/, or purchase a monthly audio subscription for The Ken Premium on Apple Podcasts (Rs 299 in India).
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How many vehicles does Ola Electric actually sell in a month?
Nobody knows the answer.
In February 2025, the firm sold 25,000 scooters, but only 8,390 were registered on the government’s VAHAN portal. This discrepancy existed due to a renegotiation of contracts with two firms that carry out registration of vehicles for the EV maker.
If you are a public company in the business of making automobiles and you’re in the middle of a bad narrative—as Ola Electric has been—the timing of this was… unnecessary. Most people are already spooked about your company’s performance. Now, you’re messing around with the one reliable source they had to track how you’re doing and creating room for all kinds of conspiracy theories to take root.
For Ola Electric, this was the definition of a self-goal.
So why do it?
Praveen Gopal Krishnan explains in this episode of The Nutgraf. Tune in.
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You can also read this edition here: https://the-ken.com/the-nutgraf/ola-electric-didnt-stop-digging/
Edition referenced in the episode: 'Are Trump's tariffs a crisis or an opportunity for India?' - https://the-ken.com/podcasts/two-by-two/no-easy-moves-is-india-facing-a-crisis-or-an-opportunity/
From original podcasts to writer-narrated versions of our subscriber newsletters, you can now listen to The Ken each day. Discover them all at the-ken.com/podcasts. You can also subscribe to The Ken Premium on Apple Podcasts for an easy monthly price (Rs 299 in India). The channel will include ALL our premium podcasts and audio.
View all episodes
By The KenThis episode of The Nutgraf was first published on 12 April.
Unlock immediate access to the latest episodes and all of The Ken’s audio offerings by subscribing to The Ken’s Premium plan at the-ken.com/pricing/, or purchase a monthly audio subscription for The Ken Premium on Apple Podcasts (Rs 299 in India).
------
How many vehicles does Ola Electric actually sell in a month?
Nobody knows the answer.
In February 2025, the firm sold 25,000 scooters, but only 8,390 were registered on the government’s VAHAN portal. This discrepancy existed due to a renegotiation of contracts with two firms that carry out registration of vehicles for the EV maker.
If you are a public company in the business of making automobiles and you’re in the middle of a bad narrative—as Ola Electric has been—the timing of this was… unnecessary. Most people are already spooked about your company’s performance. Now, you’re messing around with the one reliable source they had to track how you’re doing and creating room for all kinds of conspiracy theories to take root.
For Ola Electric, this was the definition of a self-goal.
So why do it?
Praveen Gopal Krishnan explains in this episode of The Nutgraf. Tune in.
------
You can also read this edition here: https://the-ken.com/the-nutgraf/ola-electric-didnt-stop-digging/
Edition referenced in the episode: 'Are Trump's tariffs a crisis or an opportunity for India?' - https://the-ken.com/podcasts/two-by-two/no-easy-moves-is-india-facing-a-crisis-or-an-opportunity/
From original podcasts to writer-narrated versions of our subscriber newsletters, you can now listen to The Ken each day. Discover them all at the-ken.com/podcasts. You can also subscribe to The Ken Premium on Apple Podcasts for an easy monthly price (Rs 299 in India). The channel will include ALL our premium podcasts and audio.