Ola Electric Share: Thursday seems to be a very bad day for Ola Electric Mobility Ltd. Today’s shares have reached their lowest level ever. During stock market trading, Ola Electric’s shares were seen slipping by 4.39 percent and trading at Rs 36.36, which is the lowest level of the stock since its listing.
half of the sale is left
The company has today started the reboot service to clear its after-sales backlog. Actually, Ola two-wheelers started facing some problems before September last year. Most of the complaints were about scooters catching fire, tires coming out or scooters breaking.
When the number of complaints crossed the 1 lakh mark, the company started taking it seriously because according to reports, its sales in the electric two-wheeler vehicle market reached its lowest level in the last 36 months. In such a situation, the company started Reboot Service to increase sales and improve its position.
Now there is no problem in servicing
The company’s CEO Bhavish Aggarwal has taken a big step to complete the pending repairs for the electric scooter base and improve the availability of spare-parts. In this sequence, it has been decided to deploy a rapid-response team of 250 people, which will include technicians and operational specialists.
The core leadership will work to lead the team. The company aims to completely change the way electric two-wheelers are serviced in India. This team will not only solve the problems arising in the scooter, but will also work to solve any battery related problems. With this, efforts are also being made to reduce the waiting time for servicing.
There was a decline yesterday also
Ola’s shares had fallen by 5 percent on Wednesday and the situation is the same even today. Shares of Ola Electric Mobility have slipped by 26 percent in a month. Yesterday the stock had fallen to the level of 38 and today it has reached its lowest level. This decline is being seen in the stock due to deteriorating sentiments of investors regarding the company’s business.
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