New Delhi, Nov. 15 -- Ola Electric's Bhavish Aggarwal has another explanation for his company's struggling electric scooter business. This time, he believes independent dealers can transform its fortunes.

The company is abandoning direct sales through its own stores. Instead, dealer partners will handle vehicle sales and distribution. Bhavish Aggarwal insists that customer demand is not the problem.

"Demand is no longer our constraint," he reiterated during Thursday's earnings call.

However, the company's registration figures tell a different story.

Ola Electric registered 41,653 vehicles during the July-September quarter of FY27. This represented a 19.5% decline compared with the previous year. Registrations also fell 5.3% sequential...