Amid the online spat, Ola Electric Mobility's shares saw a significant decline on Monday. The Centre has also reportedly issued notice to the company following several customer service complains and allegations of breaching provisions of the Consumer Protection Act.

NEW DELHI, (REUTERS) – Ola Electric’s shares tumbled 9% on October 7 after a public spat between the founder of India’s biggest e-scooter maker and a comedian revived questions over service at the SoftBank-backed company, whose sales are falling.

The controversy began when Kunal Kamra criticised the service quality at Ola Electric's service centres, sharing an image of a large number of scooters waiting for repairs and calling out the company for mistreating Indian customers.

The shares of Ola Electric Mobility plunged steeply over 8% this morning, down 43% from its post-listing peak, as complaints about its flagship electric two-wheelers kept flooding social media.

What happens when the head of a billion-dollar company gets into a public spat with a comedian? In the case of Bhavish Aggarwal, CEO of Ola Electric, it leads to a viral meme fest, criticism, and even a sharp dip in the company’s stock prices.

The argument was sparked by Kamra’s post showing a number of Ola scooters gathering dust outside a company facility.

Shares of the Aggarwal-led EV company have declined around 43 per cent from their all-time high of Rs 157.53, which Ola Electric stock had touched earlier on August 20 this year. What is causing fall in the shares of the BSE IPO-listed electric scooter maker firm?

S hares of Ola Electric fell as much as 8% today- making it the third straight day of losses for the stock which has now declined in five out of the last six trading sessions. Ola

Shares of Ola Electric Mobility fell 9.4% amid a heated exchange between CEO Bhavish Aggarwal and comedian Kunal Kamra over service issues of Ola scooters. Kamra criticized the service quality, while Aggarwal accused Kamra of posting a paid tweet.