Govt notice, poor service, tanking stock: Ola Electric skids off the road ...Middle East

New Delhi: From a show-cause notice from the government to consumers flooding social media platforms over myriad complaints regarding its e-scooters and service centres—while its share continues to slide—there appears no respite for Bhavish Aggarwal-run Ola Electric. On Tuesday, Ola Electric’s share touched its lowest at Rs 86 apiece before recovering a bit—a massive 43-35 per cent drop from its all-time high of Rs 157.40 a few days earlier. The stock made its public debut at Rs 76 apiece. In a stock exchange filing, the EV company admitted that it has received a show-cause notice from the Central Consumer Protection Authority (CCPA). “The Central Consumer Protection Authority has provided

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