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⚡Ola Plans 550 Store Cut by March 2026

By Kalpesh Sharma

Shares of Ola Electric Mobility Ltd fell after reports it will cut stores to 550, reversing rapid expansion. Investor concerns grew amid restructuring, a Citi downgrade, slowing EV adoption, service complaints, and legal issues involving CEO Bhavish Aggarwal, as the Bombay High Court stayed an arrest warrant tied to a case.

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