Ola Electric’s share price has doubled from March lows, despite lingering concerns over market share loss and profitability. What gives?
The competition intensified, market share slipped, losses persisted, complaints around quality and after-sales service were mounting, and regulatory and compliance concerns refused to go away, even as rivals like TVS Motor Co. Ltd., Bajaj Auto Ltd., and Ather Energy Ltd. continued to gain ground.
Â
