Thu Oct 10 19:02:07 UTC 2024: ## Ola Electric Shares Plunge Amidst Social Media Feud with Comedian Kunal Kamra
**Hyderabad, India** – Ola Electric, the electric vehicle manufacturer, has seen its stock plummet in the wake of a heated online exchange with comedian Kunal Kamra. The company’s shares, which listed on the Indian stock market recently through an IPO, witnessed a 48% decline earlier this month, followed by an 8% drop on Monday, closing at ₹90.37 on the NSE.
The controversy arose from a series of social media posts highlighting customer complaints regarding Ola Electric’s scooter services, specifically issues with service centers and lack of support. Kamra, through his platform on X (formerly Twitter), amplified these grievances, calling out the company’s perceived shortcomings.
In response, Ola Electric CEO Bhavish Aggarwal, instead of addressing the customer concerns, lashed out at Kamra, suggesting the comedian was engaging in paid posting for personal gain. Aggarwal further challenged Kamra to work at an Ola service station, promising a salary exceeding his earnings from comedy.
Kamra, in turn, challenged Aggarwal to offer full refunds to dissatisfied customers.
The ensuing online debate saw a flurry of opinions from netizens, some criticizing Aggarwal’s approach for dismissing legitimate customer complaints and engaging in a personal attack on Kamra, while others advised him to ignore such posts.
The incident has fueled concerns about Ola Electric’s customer service practices and its ability to address growing customer dissatisfaction. The company’s stock performance, reflecting investor sentiment, is a stark indicator of the potential impact of social media controversies on corporate reputation and financial health.
First Piper 