Ola Electric shares extend three-session slide, down more than 5% amid vendor insolvency plea

Ola Electric Mobility shares have fallen for a third straight session, taking the cumulative drop to more than 5%. Two suppliers—Sterling E-Mobility Solutions and Anevolve Mando eMobility—have filed insolvency petitions at the National Company Law Tribunal against Ola Electric Technologies over unpaid dues exceeding ₹40 crore. The vendors said payments have been overdue for more than 45 days, while Ola has raised concerns about parts quality. The dispute has sparked market concerns over the company’s liquidity and ability to continue as a going concern.