Which ITR Form Should Senior Citizens Use for FY 2024-25?

As the tax filing season nears, senior citizens and super senior citizens must ensure they choose the correct Income Tax Return (ITR) form. Doing so ensures not just regulatory compliance but also helps in claiming eligible benefits and deductions under the Income-Tax Act, 1961.

Who is a Senior or Super Senior Citizen?

According to Indian tax laws:

  • Senior Citizens: Individuals aged between 60 and 79 years.
  • Super Senior Citizens: Individuals aged 80 years or above.

Under the Old Tax Regime, senior citizens get a basic exemption limit of ₹3 lakh, while super senior citizens enjoy a higher exemption of ₹5 lakh. However, under the New Tax Regime, the basic exemption for all remains ₹3 lakh, with no added benefit for higher age.

Which ITR Form Should You Use?

Selecting the correct ITR form is key for a hassle-free filing process. Here’s a breakdown:

  • ITR-1 (Sahaj): For individuals with a total income of up to ₹50 lakh from sources like salary, pension, interest, and one house property.
  • ITR-2: For individuals earning from capital gains or owning more than one house property.
  • ITR-3: For individuals earning income from a business or profession.
  • ITR-4: For those under the presumptive income scheme (sections 44AD/44ADA).

Senior citizens mostly fall under ITR-1 or ITR-2 unless they’re running a business or professional service.

Common Mistakes to Avoid

Many senior citizens assume that if TDS (Tax Deducted at Source) is already applied to their income, they do not need to file a return. This is a common misconception. Even if TDS is deducted, filing is mandatory to report income accurately and claim refunds if applicable.

Full disclosure of interest income, rental income, dividend, or commission is essential. Incomplete reporting could trigger penalties or scrutiny.

Deductions and Benefits Available

Senior and super senior citizens can claim several deductions to reduce taxable income:

  • Section 80D: Up to ₹50,000 for health insurance premiums
  • Section 80TTB: Up to ₹50,000 on interest from savings and fixed deposits
  • Section 16(ia): ₹50,000 standard deduction on salary or pension income

These deductions can significantly lower the tax burden under the old regime.

Tax Slabs for AY 2025-2026

Old Tax Regime – Senior Citizens (60–79 years):

Income Slab Tax Rate
Up to ₹3,00,000 Nil
₹3,00,001 – ₹5,00,000 5%
₹5,00,001 – ₹10,00,000 20%
Above ₹10,00,000 30%

Old Tax Regime – Super Senior Citizens (80+ years):

Income Slab Tax Rate
Up to ₹5,00,000 Nil
₹5,00,001 – ₹10,00,000 20%
Above ₹10,00,000 30%

New Tax Regime – applicable to individuals over 60 years and under 80 years:

Income Slab Tax Rate
Up to ₹3,00,000 Nil
₹3,00,001 – ₹7,00,000 5% above ₹3,00,000
₹7,00,001 – ₹10,00,000 ₹20,000 + 10% above ₹7,00,000
₹10,00,001 – ₹12,00,000 ₹50,000 + 15% above ₹10,00,000
₹12,00,001 – ₹15,00,000 ₹80,000 + 20% above ₹12,00,000
Above ₹15,00,000 ₹1,40,000 + 30% above ₹ 15,00,000

Conclusion

Choosing the correct tax regime and ITR form is crucial for senior citizens. While the old regime provides higher exemptions and more deductions, the new regime offers simplified slabs with fewer benefits. Seniors must compare both options based on their income composition and deductions to ensure maximum tax efficiency and avoid unnecessary liabilities during retirement.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mid-Day Top Gainers and Losers on April 8: Titan, Infosys Shine

On April 8, 2025, at 12:07 PM, the NIFTY 50 stood at 22,468.10, up by 306.50 points (1.38%), while the BSE Sensex rose to 74,298.64, gaining 1.58%. The mid-day top gainers and losers  for the day are:

Mid-Day Top Gainers 

Company Name Open (₹) High (₹) Low (₹) LTP (₹) % Change
TITAN 3,149.70 3,227.25 3,101.00 3,150.95 4.26
SHRIRAMFIN 623.70 648.30 623.05 640.15 4.26
INFY 1,431.00 1,446.70 1,415.00 1,444.85 3.44
EICHERMOT 5,165.55 5,227.95 5,109.80 5,221.10 3.08
ASIANPAINT 2,356.00 2,410.00 2,356.00 2,407.45 2.82

Titan Company

Titan Company share price opened at ₹3,149.70, reached a high of ₹3,227.25, and is currently at ₹3,150.95, reflecting a 4.26% rise for the day.

Shriram Finance

Shriram Finance share price opened at ₹623.70, reached a high of ₹648.30, and is currently at ₹640.15, reflecting a 4.26% rise for the day.

Infosys

Infosys share price opened at ₹1,431.00, reached a high of ₹1,446.70, and is currently at ₹1,444.85, reflecting a 3.44% rise for the day.

Eicher Motors

Eicher Motors share price opened at ₹5,165.55, reached a high of ₹5,227.95, and is currently at ₹5,221.10, reflecting a 3.08% rise for the day.

Asian Paints

Asian Paints share price opened at ₹2,356.00, reached a high of ₹2,410.00, and is currently at ₹2,407.45, reflecting a 2.82% rise for the day.

Also Read: Wipro Share Price in Focus on April 8 Ahead of Q4 FY25 Results!

Mid-Day Top Losers

Company Name Open (₹) High (₹) Low (₹) LTP (₹) % Change
TRENT 4,903.00 4,964.05 4,684.20 4,720.50 -0.43
HINDALCO 575.00 584.35 555.95 559.60 -0.39

Trent

Trent’s share price opened at ₹4,903.00, reached a low of ₹4,684.20, and is currently at ₹4,720.50, down by 0.43%.

Hindalco Industries

Hindalco Industries share price opened at ₹575.00, touched a low of ₹555.95, and is now at ₹559.60, reflecting a 0.39% decline for the day.

Conclusion

The broader market showed strong recovery by mid-day on April 8, 2025, with major indices and top gainers reflecting positive momentum. However, select stocks like Trent and Hindalco faced mild profit booking.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Delhivery Share Price Falls 7% on April 8; Announces ₹1,400 Crore Ecom Express Deal

Delhivery Ltd has been in focus on Tuesday. On April 8, 2025, Delhivery share price opened at ₹275.00, up from its previous close of ₹268.35. At 11:14 AM, the share price of Delhivery was trading at ₹249.55, down by 7.01% on the NSE. The stock price hit its 52-week low at ₹236.53 on March 13, 2025. 

Acquisition of Controlling Stake in Ecom Express

On April 6, 2025 (Saturday), Delhivery announced that it had signed a definitive agreement to acquire a controlling stake in Ecom Express Limited for a cash consideration of approximately ₹1,400 crore. The deal is still subject to regulatory approvals from the Competition Commission of India and standard closing conditions. Shardul Amarchand Mangaldas & Co. served as the legal advisor, while Ernst & Young provided financial and tax diligence support.

This acquisition is expected to significantly expand Delhivery’s presence in the Indian logistics and e-commerce delivery space, aligning with its long-term growth strategy.

Post the announcement, on Monday, the share price of Delhivery opened at ₹244.60, down from its previous close of ₹258.80. However, the stock price touched its day’s high at ₹271.30 before closing at ₹268.35. 

Read About Godrej Properties Reports Highest-Ever Annual Sales in FY25.

About Delhivery Ltd

Delhivery is among India’s fully integrated logistics service providers. With a vast network spanning over 18,700 pin codes nationwide, the company offers a comprehensive suite of logistics solutions, including express parcel delivery, partial truckload (PTL) and full truckload (TL) freight, cross-border logistics, supply chain management, and technology-driven services. Since its inception, Delhivery has completed more than 3.4 billion shipments and currently serves over 39,000 customers. These include a mix of large and small e-commerce players, SMEs, enterprises, and well-known brands.

Conclusion

Investors will closely monitor regulatory developments and the company’s next earnings report to gauge the broader impact of this acquisition.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Adani Energy Share Price Rises 2.67% as Market Rebounds on April 8, 2025

Adani Energy Solutions Limited has been in focus on Tuesday. On April 8, 2025, Adani Energy Solutions share price (NSE: ADANIENSOL) opened at ₹835.00, up from its previous close of ₹815.05. At 10:26 AM, the share price of Adani Energy Solutions was trading at ₹836.80, up by 2.67% on the NSE. The stock price hit its day’s high so far at ₹847.65.  

The surge in Adani Energy Solutions was part of a broader recovery in Adani Group stocks and the Indian equity markets. Both benchmark indices rebounded from the previous session’s weakness. As of 10:40 AM, NSE Nifty 50 was up by 0.58% at 22,290.95, and as of 10:44 AM, the BSE Sensex rose 0.47% at 73,483.83.

Looking at the Adani Group stocks, Adani Enterprises was up 0.69%, while Adani Green Energy rose 0.72%. Adani Total Gas increased by 1.09, and ACC climbed by 0.65%. Sanghi Industries jumped 0.50%.

Recent Developments at Adani Energy Solutions Ltd

Recently, Bharat Heavy Electricals Limited (BHEL), in collaboration with Hitachi Energy India Limited, has won a major contract from Rajasthan Part I Power Transmission Limited, a subsidiary of Adani Energy Solutions. 

The project involves designing and implementing a 6,000 MW, ±800 kV bi-directional HVDC transmission link from Bhadla, Rajasthan to Fatehpur, Uttar Pradesh. Set for completion by 2029, this high-capacity link will support the transmission of renewable energy and ensure grid stability. 

It marks a key step in India’s mission to achieve 500 GW of renewable energy capacity by 2030. The initiative also highlights BHEL’s contribution to the ‘Make in India’ movement, focusing on domestic manufacturing and advanced energy infrastructure.

Conclusion

With earnings season approaching and broader market recovery underway, investor attention is likely to stay focused on Adani Group counters, including Adani Energy Solutions.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Wipro Share Price in Focus on April 8 Ahead of Q4 FY25 Results

Wipro has been in focus on Tuesday. On April 8, 2025, Wipro share price opened at ₹244.75, up from its previous close of ₹242.90. At 10:07 AM, the share price of Wipro was trading at ₹244.60, up by 0.70% on the NSE. The stock price hit its 52-week high at ₹324.60 on January 23, 2025. 

On April 7, 2025, the company informed the stock exchanges that it would announce results for Q4 FY25 on Wednesday, April 16, 2025, post-market hours. 

Q3 FY25 Performance Snapshot

For the quarter ended December 31, 2024, Wipro reported gross revenue of ₹223.2 billion ($2,608.9 million), reflecting a marginal growth of 0.1% quarter-on-quarter (QoQ) and 0.5% year-on-year (YoY). However, the IT services segment revenue dipped by 1.2% QoQ and 1.0% YoY, amounting to $2,629.1 million.

Despite the revenue dip, the company delivered strong net income growth. Net profit stood at ₹33.5 billion ($392 million), marking a 4.5% QoQ and 24.5% YoY increase. The IT services operating margin also improved to 17.5%, up 0.7% QoQ and 1.5% YoY.

Read Tata Motors’ JLR Reports 1.1% Rise in Q4 FY25 Dispatches!

Bookings & Outlook

Total bookings stood at $3,514 million, while large deal bookings reached $961 million, reflecting a 6% YoY growth in constant currency terms.

Looking ahead, Wipro expects IT services revenue for Q4 FY25 to range between $2,602 million and $2,655 million, indicating a sequential growth range of -1.0% to +1.0% in constant currency.

About Wipro Ltd 

Wipro Limited is a global leader in technology services and consulting, dedicated to crafting innovative solutions that tackle the most complex challenges of digital transformation. With a comprehensive portfolio spanning consulting, design, engineering, and operations, Wipro empowers clients to achieve their boldest goals and build sustainable, future-ready businesses. 

Conclusion

With Wipro set to announce its Q4 FY25 results on April 16, investors will keep a close watch on its revenue guidance, deal pipeline, and margin trajectory. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Tata Motors’ JLR Reports 1.1% Rise in Q4 FY25 Dispatches, Retail Sales Dip 5.1%

Tata Motors-owned Jaguar Land Rover (JLR) reported a marginal year-on-year increase of 1.1% in wholesale dispatches to dealers for the fourth quarter of FY25, reaching 1,11,413 units (excluding the Chery Jaguar Land Rover China JV). While the numbers reflect a steady performance overall, growth was uneven across regions.

Europe led the recovery with a 10.9% rise in volumes, followed by North America, which saw a notable 14.4% increase despite prevailing tariff challenges. The UK market remained mostly flat with a slight 0.8% rise. However, dispatches in China fell sharply by 29.4%, and other global markets declined by 8.1%.

Retail Sales and Model Mix

Retail sales for Q4 FY25 were down 5.1% compared to the same quarter of FY24, signaling some softening of consumer demand or delays in conversion from wholesale to retail. A key highlight of the quarter was the contribution from the luxury SUV lineup, Range Rover, Range Rover Sport, and Defender, which accounted for 66.3% of total wholesale volumes in Q4 and 67.8% for the full fiscal year.

Flat Performance for FY25

For the full year ending March 31, 2025, JLR reported flat wholesale volumes at 4,00,898 units, while retail sales stood at 4,28,854 units, also unchanged from FY24. Despite muted volume growth, the company met a significant milestone in its Reimagine strategy by achieving a net debt zero position, closing the year with a net cash positive status.

Conclusion 

JLR plans to announce its detailed FY25 financial results in May 2025, along with its guidance for FY26. The automaker continues to focus on profitability, a premium product mix, and financial discipline as part of its long-term strategic goals.

On April 8, 2025, Tata Motors share price opened at ₹591.20, up from its previous close of ₹579.75. At 9:53 AM, the share price of Tata Motors was trading at ₹590.75, up by 1.90% on the NSE. Notably, the stock price hit its 52-week low yesterday at ₹535.75. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

M&M Expands into Security Solutions with New Subsidiary

Mahindra & Mahindra (M&M) has officially announced the incorporation of a new wholly owned subsidiary (WOS) named Mahindra Advanced Technologies Limited (MATL). 

The decision was approved by the Board of Directors during its meeting held on February 7, 2025, and the incorporation was completed on April 7, 2025, in Mumbai, Maharashtra.

About Mahindra Advanced Technologies Limited (MATL)

Mahindra Advanced Technologies Limited has been established with a vision to become a leading player in integrated, innovative, and advanced security technology solutions. The company is structured to operate both as a holding and operating entity. Its core operations will include the design, development, manufacturing, supply, overhaul, repair, and maintenance of a wide range of security-related solutions.

This strategic step aligns with M&M’s broader ambitions to strengthen its presence in high-tech and future-ready sectors, with MATL focused on security technologies, which are crucial in today’s digital and physical infrastructure landscape.

Sector and Scope

MATL will operate within the Manufacturing and Allied Services industry, particularly focusing on security systems and solutions. This could encompass physical security infrastructure, digital surveillance, integrated security platforms, and next-gen solutions catering to both private and public sector clients.

Details of the WOS

Mahindra & Mahindra will invest ₹5 crore in MATL by subscribing to 50,00,000 equity shares of ₹10 each at par value. The new subsidiary will be 100% owned by M&M, ensuring full strategic and operational control.

The status of MATL was reflected in the Master Data of the Ministry of Corporate Affairs (MCA) on April 7, 2025. The incorporation has been duly acknowledged and confirmed through this update.

Mahindra & Mahindra Share Price Performance 

On April 8, 2025, M&M share price opened at ₹2,510.00, up from its previous close of ₹2,491.25. At 9:41 AM, the share price of M&M was trading at ₹2,498.75, up by 0.30% on the NSE.

Conclusion

With the formation of Mahindra Advanced Technologies Limited, M&M is taking a significant step into the field of advanced security solutions, further diversifying its portfolio. The new entity is poised to drive innovation and value in a sector that is increasingly critical to national and enterprise safety, bolstering Mahindra’s footprint in high-tech, future-focused domains.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Godrej Properties Share Price Rises 3.38%; Reports Highest-Ever Annual Sales in FY25

Godrej Properties Limited (GPL) has announced its best-ever performance in terms of quarterly and annual bookings, setting new industry benchmarks in FY25.

Q4 FY25 Booking Value Reaches New High

In the fourth quarter of FY25, GPL’s booking value surged to ₹10,163 crore, an 87% jump quarter-on-quarter and 7% year-on-year. 

The milestone was achieved through the sale of 3,703 homes, spanning a total area of 7.52 million sq. ft. This marks the company’s highest-ever quarterly booking value and the seventh consecutive quarter with bookings exceeding ₹5,000 crore.

FY25 Full-Year Bookings Touch ₹29,444 Crore

For the full year FY25, Godrej Properties reported a booking value of ₹29,444 crore, representing a 31% YoY growth. This was achieved through the sale of 15,302 homes covering 25.73 million sq. ft., reflecting a volume growth of 29% YoY. Impressively, GPL surpassed 109% of its FY25 annual guidance for booking value.

This figure not only sets a company record but also stands as the highest-ever annual booking value and volume reported by any real estate developer in India to date.

Launches Drive Sales Momentum

Sales in Q4 FY25 were fueled by successful project launches, including:

  • Godrej Riverine, Noida – over ₹2,000 crore in bookings
  • Godrej Astra, Gurugram – over ₹1,000 crore
  • Godrej Madison Avenue, Hyderabad – over ₹1,000 crore

Geographically, the NCR contributed over ₹10,500 crore, MMR over ₹8,000 crore, and Bengaluru more than ₹5,000 crore to the company’s annual booking value.

Commenting on this, the MD & CEO of Godrej Properties, Gaurav Pandey, said, “We are delighted to have crossed INR 10,000 crore in sales bookings for the first time in Q4FY25. Our sales bookings over the last 3 years have compounded at an annual growth rate of 55%. Through this, GPL has completely reset the scale of its operations and for the second consecutive year is the largest real estate developer in India by booking value.”

He further stated, “Our business development additions with a future booking value of Rs 26,450 crore in FY25 will ensure that we continue to have a strong launch pipeline in the years ahead. Furthermore, the equity capital of INR 6,000 crore we raised through a QIP in December 2024, combined with the record operating cash flow we generated in FY25, will enable us to continue to invest for growth. We have built a deep understanding across the key real estate markets in India and are greatly excited by the potential the next several years offer for us to deliver sustained high-quality performance across all key operating metrics.”

Godrej Properties Share Price Performance 

On April 8, 2025, Godrej Properties share price opened at ₹1,985.00, up from its previous close of ₹1,927.15. At 9:35 AM, the share price of Godrej Properties was trading at ₹1,992.20, up by 3.38% on the NSE.

Conclusion

With FY25 marking the eighth consecutive year of booking growth, Godrej Properties has reinforced its leadership position in India’s real estate market, fueled by robust demand and strategic launches across key urban centres.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Hyundai Motor India Expands Green Mobility; Launches EXTER Hy-CNG Duo EX

Hyundai Motor India Limited (HMIL) has expanded its eco-friendly portfolio with the launch of a new EX variant in the EXTER Hy-CNG Duo lineup. Specifically designed for the Gen MZ (Millennial and Gen Z) audience, the new variant combines affordability, efficiency, and style, delivering a smart mobility solution for the urban driver.

Efficient and Stylish Bi-Fuel Offering

The Hyundai EXTER Hy-CNG Duo EX variant features a 1.2L Bi-Fuel Kappa petrol engine paired with CNG, offering cost-effective performance without compromising on Hyundai’s trademark design and reliability. The model is engineered to appeal to value-conscious buyers looking for an eco-friendly alternative that still feels premium.

Smart Space with Dual-Cylinder Setup

A key highlight of this variant is its dual-cylinder CNG configuration, which optimises luggage space and enhances long-distance travel convenience. The vehicle also includes advanced safety features and spacious interiors, ensuring both comfort and protection for city drives or highway journeys.

Management Commentary

Commenting on this new variant, the Whole-Time Director and Chief Operating Officer of Hyundai Motor India Limited, Mr Tarun Garg, said, “At HMIL, we are committed to offering smart mobility solutions that cater to the evolving needs of our customers. The introduction of the EX variant in the Hyundai EXTER Hy-CNG Duo lineup is a testament to our customer-centric approach, ensuring that smart mobility is accessible to a wider audience.” 

He further added, “With its efficient bi-fuel technology, enhanced safety features and Hyundai’s signature reliability, the EXTER Hy-CNG Duo EX variant offers an optimal balance of affordability and efficiency. As we continue to expand our green mobility portfolio, we remain dedicated to providing innovative and value-driven solutions to our customers.”

Conclusion

With an ex-showroom price of ₹7,50,700, the Hyundai EXTER Hy-CNG Duo EX brings together smart design, efficient fuel usage, and cutting-edge features. 

On April 7, 2025, Hyundai Motor India share price (NSE: HYUNDAI) opened at ₹1,567.55 and closed at ₹1,589.00, down by 3.05%. The stock price touched its day’s low at ₹1,541.70.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Ola’s February Sales Included Bikes Yet to Launch?

Ola Electric has come under the scanner for allegedly inflating its February 2025 sales figures. As per news reports, the company reported “more than 25,000 units” sold in February, but government vehicle registration data shows only around 8,600 units were officially registered. 

This discrepancy triggered a probe by the Ministry of Road Transport and Highways (MoRTH), which sought clarification from the company.

Bookings Counted as Sales

In a letter to the ministry dated March 21, Ola Electric disclosed that it had included customer bookings for 10,866 third-generation e-scooters and 1,395 Roadster X motorcycles as part of its February sales. 

These bookings were classified as “confirmed orders,” even though the Roadster motorcycles haven’t been rolled out yet and the deliveries of the third-gen scooters only began in March. These two categories alone made up nearly half of Ola’s February sales figure.

Ministry’s Directive to Revise Figures

Concerned about the wide gap between reported sales and actual registrations, the ministry has directed Ola Electric to revise its figures. In a follow-up letter dated March 31, MoRTH asked the company to only include vehicles that had been invoiced in February and to submit a revised response within seven days to avoid any potential action.

About Ola Electric Mobility Ltd

Ola Electric Mobility Limited is a company focused on manufacturing electric vehicles and their essential components. These include battery packs, motors, and vehicle frames, all of which are produced at its state-of-the-art Ola Futurefactory. 

On April 7, 2025, Ola Electric share price (NSE: OLAELEC) opened at ₹45.35 and closed at ₹51.51, down by 1.85%. The stock price touched its day’s low at ₹45.35. 

Conclusion

Ola Electric’s attempt to boost investor sentiment by including pre-launch bookings in its monthly sales report has backfired, attracting government scrutiny. As the company looks to strengthen its market position in India’s EV sector, it now faces pressure to ensure transparency and compliance in its disclosures. How Ola handles this situation could impact its reputation and investor trust going forward.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.