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Ola Electric Tanks 6% Amid Rising Scrutiny Over Customer Complaints

  • Shares of Ola Electric fell by 5.8% amid increasing government scrutiny over customer complaints.
  • The Ministry of Heavy Industries has requested the Automotive Research Association of India to verify the company's adherence to warranties and service center requirements.
  • Ola Electric has been criticized for its aftersales service and faced a social media spat with comedian Kunal Kamra.
  • The company's shares have dropped by 42.1% since August, but it is still trading 19% higher than its listing price.

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