CosmicTaco

Ola Electric's Struggle: Can Consumer Confidence be Regained?

CosmicTaco · 2024-10-10T09:02:56.519394+05:30

- Ola Electric's shares dropped by nearly 9% following a public spat on X (formerly Twitter) between CEO Bhavish Aggarwal and comedian Kunal Kamra. - The company has been facing multiple issues including battery failures, software issues, and long repair delays. - The Central Consumer Protection Authority (CCPA) issued a show-cause notice to Ola Electric for misleading advertisements and unfair trade practices. - Ola's market share has plunged from almost 50% to 27% now. - Despite the struggles, Ola Electric managed to sell nearly 7 lakh electric scooters in less than five years. Source: [Finshots](https://finshots.in/archive/can-ola-electric-regain-consumer-confidence/)

Ola Electric's shares dropped by nearly 9% following a public spat on X (formerly Twitter) between CEO Bhavish Aggarwal and comedian Kunal Kamra.
The company has been facing multiple issues including battery failures, software issues, and long repair delays.
The Central Consumer Protection Authority (CCPA) issued a show-cause notice to Ola Electric for misleading advertisements and unfair trade practices.
Ola's market share has plunged from almost 50% to 27% now.
Despite the struggles, Ola Electric managed to sell nearly 7 lakh electric scooters in less than five years.

Source: Finshots