Ola Electric received a show-cause notice due to escalating complaints amidst an e-spar between Bhavish Aggarwal and Kunal Kamra

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Ola Electric received a show-cause warning from the Central Consumer Protection Authority (CCPA)

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Increased consumer complaints, alleged violations of rights, deceptive ads, and unfair tactics have led to this outcome

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According to a recent survey, Ola Electric receives around 80,000 customer complaints per month

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Following CEO Bhavish Aggarwal's social media interaction with comedian Kunal Kamra regarding customer complaints, Ola Electric's share price dropped by 9%

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The company will reply to the notice within the CCPA's 15-day timeline

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On Monday, Ola Electric's Secretary and Compliance Officer left for personal reasons and commitments

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As of 10:28 AM, the Bengaluru-based company's shares are trading at Rs 89.01, with a market valuation of Rs 39,256 crore (roughly $4.6 billion)

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The company's market share decreased to 27% in September from 32% in August, 39% in July, and 49% in June

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