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CosmicTaco
CosmicTaco
Grapevine

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

  • 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

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5mo ago
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  • 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 complaint...
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user

“4th Largest EV company in the world excluding china” - Bhavish Bhai

user

dont even know why it had the run up

user

Ather is way more better than ola