Ola Electric got a show-cause notice from CCPA over consumer complaints, misleading ads, and unfair trade practices. Its shares fell 8% after a Twitter dispute between CEO Bhavish Aggarwal and comedian Kunal Kamra regarding service issues.

Indian electric vehicle maker Ola Electric's customers aren't happy with its service and scooters, and it's affecting the company's stock and market Ola Electric's market cap fell below $4.75 billion for the first time since its public debut in August.

The Central Consumer Protection Authority (CCPA) has issued a show cause notice to Ola Electric after a significant increase in consumer complaints regarding its e-scooters

Ola Electric is the top-selling electric-scooter maker in the country. But Ola Electric may also be the one EV brand with the maximum number of complaints from customers.

When Bhavish Aggarwal-led Ola Electric Mobility hit the floor of the domestic bourses, for days, the stock did not know anything but upper circuits. The high anticipation from the two-wheeler EV maker led the stock to touch the high of 157.