Ola Electric Sales Dip as Bajaj Gains Market Share

• Ola Electric's market share dropped to 27% in September from 32% in August, with sales hitting an 11-month low.
• The company has been facing issues with hardware malfunctions and customer complaints, receiving almost 80,000 complaints monthly.
• Bajaj Auto is catching up, with its market share doubling over the last two quarters.
• Ola Electric's share price fell below Rs 100 for the first time since its stock exchange listing in August.
• Analysts predict Ola Electric's market share could decline to 25% over the next five years due to increased competition and changes in government policies.

Source: The Arc