CCPA showcause notice won’t impact activities, says Ola Electric

Ola Electric has said that the show-cause notice from the Central Consumer Protection Authority (CCPA) “would not impact” its activities and that the company will file a response to the notice within the 15-day deadline.

The company late night on Monday told the stock exchange it had received a show-cause notice from the CCPA. Its stock closed at Rs 95.41 on Tuesday, recovering around 11 per cent from the day’s low.

The company said the notice “wouldn’t impact its financial, operational, or other business activities.”