New Delhi, March 18 -- Shares of Ola Electric Mobility, India's leading two-wheeler electric vehicle manufacturer, staged a strong rebound in trade on Tuesday, March 18, after tumbling to a record low in the previous trading session.

The shares jumped 15% to reach Rs.53.80 apiece, and with today's recovery, the company's market capitalization has also climbed back above Rs.20,000 crore. The stock had crashed 7% during Monday's trade after one of its unit's creditors filed a petition in court alleging a default in payment by its subsidiary.

The petition was filed against Ola Electric Technologies, a wholly-owned subsidiary of Ola Electric Mobility, by vehicle registration service provider Rosmerta Digital Services, the company said over ...