Ola Electric's supplier payment delays spiral as MSME overdues jump to 80% amid insolvency petitions
Overdue MSME payments rose from 4.6% of ₹238 cr to 80% of ₹102 cr, with dues over 45 days climbing from ₹11 cr to ₹81 cr. Vendors filed NCLT insolvency petitions as FY26 sales fell below 200,000 units versus 344,009 in FY25, revenue halved to ₹2,253 cr, and losses widened to ₹1,833 cr. Shares fell 5%.
Ola Electric's payment delays to MSME suppliers surged over two years, triggering NCLT insolvency petitions from vendors and dragging shares down 5%, amid halving sales, rising losses, and warranty disputes on supplied parts.