Ola Electric shares drop 9% in 3 days. What's spooking investors?

Ola Electric shares fell around 9% in three days to Rs 41.41 on the NSE, the lowest level this month. The drop follows reports that two suppliers, Sterling E-Mobility Solutions and Anevolve Mando eMobility, have approached the NCLT seeking insolvency proceedings against Ola Electric Technologies over alleged unpaid dues exceeding Rs 40 crore. Separately, the company reported Q1 FY27 vehicle registrations of 43,719, nearly doubling sequentially from 22,252 in the previous quarter.