Ola Electric Confirms Vendor Lawsuits Over Dues and Quality Issues as Shares Fall 5%

Summary

Ola Electric has confirmed that two key vendors, Anevolve Mando E-Mobility and Sterling E-Mobility Solutions, have filed lawsuits with the National Company Law Tribunal over unpaid dues. This escalation follows disagreements stemming from quality complaints raised by Ola Electric, contributing to a 5% fall in the company's shares.