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Ola Electric Shares Jump 6% On Store Expansion, New E-Scooter Launch

  • Ola Electric shares jumped more than 6% following the announcement of store expansion and new e-scooter launch.
  • The company has opened 3,200 new stores in India, expanding its network to 4,000 showrooms and service centres.
  • Ola Electric faced challenges including consumer complaints and losing market share to competitors in the EV two-wheeler segment.
  • Despite the challenges, Ola Electric continues to launch new products and expand into newer segments.

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