Raids At Stores, Comes Under MHI’s Lens

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SUMMARY

After facing heat from its customers for a large part of 2024, the EV maker now seems to be caught in regulatory troubles

Recent media reports allege that the company is operating its stores without necessary licences and is facing a threat of an MHI investigation over disparity in its monthly sales and registrations

The stock again came under pressure today and ended the trading session 4.01% lower at INR 51.66 on the BSE

There seems to be no end to the troubles of Ola Electric. After facing heat from its customers



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Raids At Stores, Comes Under MHI’s Lens


SUMMARY

After facing heat from its customers for a large part of 2024, the EV maker now seems to be caught in regulatory troubles

Recent media reports allege that the company is operating its stores without necessary licences and is facing a threat of an MHI investigation over disparity in its monthly sales and registrations

The stock again came under pressure today and ended the trading session 4.01% lower at INR 51.66 on the BSE

There seems to be no end to the troubles of Ola Electric. After facing heat from its customers



Source link

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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