Ola Electric Shares Nose-Dive Amidst Consumer Grievances CCPA Issues Notice After 10,000 Complaints Targeting Service Delays and Refund IssuesShares of Ola Electric have stumbled significantly amid rising consumer complaints and controversy surrounding its CEO, Bhavish Aggarwal. When the news hit, Ola Electric shares plummeted by as much as 10% during trading hours before settling down by 6% to approximately Rs 86. Such fluctuations are leaving many to wonder about the stability of Ola Electric moving forward. Meanwhile, Ola Electric assured the market it would comply with the requirement and provide necessary documentation without delay. Despite the CCPA’s heavy notice concerning consumer rights, Ola Electric expressed confidence stating, "This notice currently has no impact on our financial, operational, or other activities."

Source: The Hindu October 08, 2024 21:39 UTC