CCPA sends show-cause notice to Ola Electric over surging consumer complaints
As per reports, the regulator has taken cognisance of thousands of complaints against Ola Electric which are growing by the day.
As per reports, the regulator has taken cognisance of thousands of complaints against Ola Electric which are growing by the day.
Bhavish Aggarwal-run Ola Electric sold 22,950 electric two-wheelers in the month of September – about 17 per cent drop from last month when it got 27,586 e-scooters registered.
Ola Electric has announced the integration of its battery cells in its own vehicles, starting Q1 FY26.
The Bhavish Aggarwal-run company’s stock dropped 3 per cent to Rs 110 per share. It was, however, still up 45 per cent from its initial public offering (IPO) price of Rs 76 apiece.
The stock has nosedived 24.65 per cent from its all-time high value of Rs 157.53 apiece, a level reached on August 20.
Ola Electric has seen two more top-level exits, as it plans for an initial public offering (IPO) in early 2024, the media reported on Saturday.
The R&D department of Ola Electric has successfully managed to pack more energy in limited space by using specific chemistry and material.
The company said that special events were organised for the first 100 customers in Bengaluru and Chennai for the deliveries of Ola S1 and S1 Pro e-scooters.
The Ola S1 is priced at Rs 99,999; for the S1 Pro, customers will have to pay Rs 1,29,999 (ex-showroom). These prices include the FAME II subsidy, but exclude state subsidies.
The firm in July announced that its electric scooter has received a record-breaking 100,000 reservations within the first 24 hours, making it the most pre-booked scooter in the world.
