Ola Electric shares in spotlight after CCPA issues show cause notice to co over surging consumer complaints

Ola Electric got a show-cause notice from CCPA over consumer complaints, misleading ads, and unfair trade practices. Its shares fell 8% after a Twitter dispute between CEO Bhavish Aggarwal and comedian Kunal Kamra regarding service issues. Despite a 32% revenue increase, Ola's net loss also grew, highlighting challenges in the EV industry.