Ola Electric gets show cause notice for consumer rights violations

In an exchange filing on Monday, the Bhavish Aggarwal-led company said the Central Consumer Protection Authority (CCPA) notice has no impact on its financial, operational or other activities, nor does it impose any penalties or fines. On Tuesday, Ola Electric’s shares were trading at Rs 92.01 on the BSE at 1 pm, up by more than 1% from the previous day’s close of Rs 90.82.