India, April 7 -- Ola Electric is staring at strict regulatory action after the Bhavish Aggarwal-led company allegedly counted bookings of electric scooters and motorcycles that have not even been rolled out yet in its February sales to inflate its market share.

In a letter to the Ministry of Road Transport and Highways dated March 21, Ola Electric said that its February sales figures included customer bookings for 10,866 Gen3 escooters and 1,395 Roadster X motorcycles, Bloomberg reported.

It must be noted that Ola has not even rolled out Roadster motorcycles yet, while it kicked off deliveries of Gen3 escooters last month.

These two categories accounted for nearly half of 25,207 "confirmed orders" in February. Consequently, the minist...