Ola Electric has received a show cause notice from the Central Consumer Protection Authority (CCPA) in relation to numerous consumer complaints regarding its services..The company disclosed the notice to both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in a regulatory filing dated October 7. The notice was issued based on multiple grievances filed by consumers, including issues related to delayed vehicle deliveries, failure to provide promised services and defects in vehicles. A breakdown of the complaints revealed that a significant number of grievances pertain to delays in providing services or repairs (3,364 complaints), delays in vehicle delivery (1,899), and instances where promised services were not provided (1,459). Other complaints include vehicle defects, improper redressal of issues, misleading advertisements, and non-refund on booking cancellations..The CCPA has granted Ola Electric 15 days to respond to the notice and submit the required documents. The company has confirmed that it will comply with the authority's request within the given timeframe.The filing was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.Recently, Ola founder Bhavish Aggarwal and stand up comedian Kunal Kamra had engaged in a public spat on social media over the quality of Ola Electric scooters, shortcomings in their service and unresolved consumer complaints.
Ola Electric has received a show cause notice from the Central Consumer Protection Authority (CCPA) in relation to numerous consumer complaints regarding its services..The company disclosed the notice to both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in a regulatory filing dated October 7. The notice was issued based on multiple grievances filed by consumers, including issues related to delayed vehicle deliveries, failure to provide promised services and defects in vehicles. A breakdown of the complaints revealed that a significant number of grievances pertain to delays in providing services or repairs (3,364 complaints), delays in vehicle delivery (1,899), and instances where promised services were not provided (1,459). Other complaints include vehicle defects, improper redressal of issues, misleading advertisements, and non-refund on booking cancellations..The CCPA has granted Ola Electric 15 days to respond to the notice and submit the required documents. The company has confirmed that it will comply with the authority's request within the given timeframe.The filing was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.Recently, Ola founder Bhavish Aggarwal and stand up comedian Kunal Kamra had engaged in a public spat on social media over the quality of Ola Electric scooters, shortcomings in their service and unresolved consumer complaints.