Bhavish Aggarwal says Ola is world's 4th largest EV company - but wait till you read the fine print

Ola Electric Mobility launched a new series of motorcycles on Thursday at the Ola Sankalp event, where founder and CEO Bhavish Aggarwal took the stage to make some tall claims. Aggarwal, 38, boasted that Ola Electric is the world’s largest electric two-wheeler manufacturer and the world’s fourth-largest EV company by revenue. However, by his own admission, these numbers hold up only if one excludes the entire country of China.

“I want to set a path for the future of Ola Electric. We need to look at the future. We are now a listed company. We are now the world’s fourth largest EV company outside of China,” Bhavish Aggarwal said during the event. He also called Ola Electric the world’s largest two-wheeler EV company in the world, forgetting to mention the fine print that was clearly visible in his accompanying presentation - “Excluding China.”

Bhavish Aggarwal has since come under fire for fudging numbers and faced much social media trolling. Several posts on the social media platform X show him onstage at the Ola Sankalp event, while the presentation in the background lists Ola Electric as the world’s fourth-largest EV company by revenue. The fine print in the presentation clearly says “excluding China.”