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Engaged in heated public feud with comedian over customer complaints, stock dropped 8%
Oct 7, 2024In October 2024, CEO Bhavish Aggarwal engaged in a heated exchange with comedian Kunal Kamra after Kamra posted a picture of Ola Electric scooters gathering dust outside a dealership. Aggarwal accused Kamra of taking money for the criticism and challenged him to work at Ola's service centre, saying 'I will pay better than your flop shows pay you.' The controversy caused Ola Electric shares to drop 8% over three consecutive days. The company reportedly receives nearly 80,000 customer complaints monthly.