Ola Electric shares drop 31% amid competition, quality concerns, and sales decline.

Ola Electric's shares fell 2.56% to 108.15, down 31% from a peak of 157.40, sparking caution among analysts. The company faces stiff competition from rivals like TVS Motor and Bajaj Auto, contributing to a decline in market share and a 34% drop in August sales. Amid rising concerns over product quality and service complaints, experts suggest only aggressive investors consider holding the stock due to its speculative valuation and ongoing losses.