Ola Electric stock tumbles as complaints ratch up, and market share erodes - Tellbrief.com

Ola Electric stock tumbles as complaints ratch up, and market share erodes

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 share. The analysts wrote that Ola Electric “did not invest” sufficiently in servicing capacity to match the volumes sold over the past two years.

Plus, there is a clear lack of experience in the development and maintenance of service centers visible in many locations. Image Credits:GoogleOla Electric is also rapidly losing market share.

Ola Electric founder and chief executive Bhavish Aggarwal (pictured above) last weekend mocked a comedian who had raised concerns about Ola Electric customers’ problems, alleging the comic had failed in his career and had taken bribes to criticize the company...

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