OLA Electric is under Scrutiny

OLA Electric is arguably the biggest player in India when it comes to two wheeler EVs and even though OLA has the biggest market share it seems OLA is currently going through some governmental issue and that is none other than their own fault in my opinion.

The Ministry of Heavy Machinery in India has currently orders an Audit for the entire company due to their poor after sales services as well as poor service centre conditions which never solve any issues related to their EVs. It seems that OLA is just too busy to just conduct sales and just be done with it and forget that you sold a Heavy Machinery to a common people.

This Audit comes after the fact that several people complained about the poor service of OLA Electric and after several complaints this has come under the scrutiny of the Government itself. The reason behind this Audit is to ensure that the subsidy that is being provided by the Government of India for the promotion of Electric Vehicles in India is going smoothly but instead we are witnessing a lot of OLA Electric vehicles pretty much shutting down middle of the road and some even just catching on fire, long story short OLA Electric is currently a shitshow which no one wants to see unfold.

If you ask me I am not at all interested in OLA Electric at all from both an Investment Point as well as a Buying point in fact I have suggested some of my friends to not go for OLA Electric bikes as there are far better options out in the market. But the way things are going I am doubtful about the future prospects of this Company.