Indian regulators launch investigation into Ola Electric over 10,000 consumer complaints.

The Central Consumer Protection Authority (CCPA) in India has ordered an investigation into Ola Electric, following over 10,000 consumer complaints. The Bureau of Indian Standards (BIS) will probe service and product deficiencies, despite Ola Electric claiming to have resolved 99.1% of complaints. The CCPA found only 79.2% of consumers satisfied, leading to a 15-day investigation. This scrutiny follows Ola Electric's stock market debut in August, with shares since dropping 7.6%.

November 14, 2024
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