Shares of Ola Electric Mobility dropped 3% on January 10, following a request from the Central Consumer Protection Authority (CCPA) for additional information related to consumer complaints. The CCPA’s inquiry stems from a December 2024 notice regarding alleged consumer rights violations.
In a filing to the exchanges, Ola Electric confirmed receiving the CCPA’s latest request via email. The company emphasized that the request will not affect its financial, operational, or other activities in a quantifiable manner.
The investigation underscores growing scrutiny in the electric vehicle sector, raising investor concerns. Stay tuned for updates on Ola Electric and the broader EV market.
As of 9:17 AM, Ola Electric shares were trading 2.26% lower at Rs 71.53.
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