Ola Electric Faces Backlash Amid CEO's Feud with Comedian

Ola Electric's shares plummeted after CEO Bhavish Aggarwal's public spat with comedian Kunal Kamra over service issues sparked widespread criticism.

Ola Electric's stock dropped over 8% following a heated exchange between CEO Bhavish Aggarwal and comedian Kunal Kamra on social media.
The Central Consumer Protection Authority issued a show-cause notice to Ola Electric due to rising consumer complaints about service quality and product defects.
Bhavish Aggarwal's response to Kamra's criticism was labeled as arrogant by many, leading to further backlash against the company.
Ola Electric's market share has significantly declined, with the company recording its lowest monthly sales in September amid service network challenges.
The public feud has drawn attention to Ola's ongoing issues with malfunctioning hardware and software in its electric scooters.