Ola Electric has confirmed in an exchange filing that it is in an ongoing dispute with two of its component suppliers, after a media report on the same caused its shares to fall 5%, prompting the BSE to seek a formal clarification.
In its response, the company acknowledged that Anevolve Mando E-Mobility and Sterling E-Mobility Solutions, vendors supplying key parts to the company, have moved the National Company Law Tribunal (NCLT) over unpaid dues, escalating a disagreement that began with quality complaints from Ola Electric's side.
