India, March 10 -- Ola Electric Mobility Ltd. is in regulatory trouble, with transport authorities across various states conducting raids, closing showrooms, seizing vehicles and sending show-cause notices due to the stores allegedly not having trade certificates.

However, only a little over 100 of the company's roughly 3,400 showrooms (for which data is available) actually had the basic certification needed to display, sell, offer test rides on or transport unregistered two-wheelers, Bloomberg reported, citing internal documents and government warning letters.

HT.com could not independently verify the information contained in the report.

This comes after the company recently scaled up to 4,000 physical locations.

India's Motor Vehicl...