Ola Electric shares: Ola Electric shares in spotlight after CCPA issues show cause notice to co over surging consumer complaints
Ola Electric shares will be in focus on Tuesday after the the Central Consumer Protection Authority (CCPA) issued a show-cause notice to Bhavish Aggarwal-run EV company alarmed by the growing amount of consumer complaints.
“Show cause notice has been issued by Central Consumer Protection Authority for alleged violation of consumer rights, misleading advertisement and unfair trade practices,” the company said in a statement on Monday.
The CCPA has provided a timeline of 15 days to the company to respond to the show cause notice.
Ola Electric Mobility’s shares dropped 8% to settle at Rs 90.82 on Monday on the BSE after a heated exchange between founder and CEO Bhavish Aggarwal and comedian Kunal Kamra on X (formerly Twitter). Their…
