Ola Electric shares drop 5% following report of raids and seizures over rule violations

March 10, 2025

, By The Economic Times

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Shares of rel=”dofollow” href=”https://economictimes.indiatimes.com/ola-electric-mobility-ltd/stocks/companyid-2206544.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Ola Electric Mobility fell 5% to hit the day’s low of Rs 53.78 on Monday, following a media report that stated the Bhavish Aggarwal-led company faced raids and seizures for allegedly violating Indian regulations.

On Friday, Bloomberg reported the alleged violations by the electric two-wheeler maker, citing that 95% of its showrooms lacked basic certification to operate. Quoting the company, the report further mentioned that the findings of non-compliance were “misplaced” and “prejudiced.”

The Bengaluru-based electric scooter maker recently…

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Ola Electric shares drop 5% following report of raids and seizures over rule violations

March 10, 2025

, Published By The Economic Times

Shares of rel=”dofollow” href=”https://economictimes.indiatimes.com/ola-electric-mobility-ltd/stocks/companyid-2206544.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Ola Electric Mobility fell 5% to hit the day’s low of Rs 53.78 on Monday, following a media report that stated the Bhavish Aggarwal-led company faced raids and seizures for allegedly violating Indian regulations.

On Friday, Bloomberg reported the alleged violations by the electric two-wheeler maker, citing that 95% of its showrooms lacked basic certification to operate. Quoting the company, the report further mentioned that the findings of non-compliance were “misplaced” and “prejudiced.”

The Bengaluru-based electric scooter maker recently…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Sustainability, climate change and innovation take centre stage at design festival in the capital

Next News

Foxconn builds its own AI model, FoxBrain

The Economic Times

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