🚀 Business & Startups🇮🇳 India
Ola Electric Owes 80% Of Supplier Dues Past Deadline — And Vendors Are Taking It To Court
mint - companies·Tuesday, 14 July 2026
Ola Electric's overdue payments to MSME suppliers have jumped to 80% of outstanding dues, up from just 4.6% since its 2024 stock market listing. Three vendors have already filed insolvency petitions against the company. Ola Electric's shares also slid 5% amid the news.
Why It Matters
Ola Electric is one of India's biggest EV brands. If small suppliers are not getting paid, it raises real questions about the company's financial health and what that means for customers and investors.
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