Ola Electric, led by Bhavish Aggarwal, has announced a workforce reduction of around 5% due to an ongoing structural transformation. The company emphasized its focus on speed and efficiency by implementing increased automation in its operations. Ola Electric aims to enhance customer experience and streamline its organization for sustainable growth.
The company stated that the job cuts are part of its strategic realignment efforts. Ola Electric is committed to improving its services and ensuring a more efficient operational model for long-term success. Despite the layoffs, the company remains dedicated to its business transformation initiatives and enhancing customer satisfaction through rapid service resolutions.
India’s electric two-wheeler market witnessed significant changes in 2025, impacting Ola Electric’s market share. The company faced challenges as its market share declined to 16.1% in 2025 from 36.7% in 2024. Operational issues, including service delays and inconsistent deliveries, contributed to Ola Electric’s struggles throughout the year.
Ola Electric reported a consolidated net loss of Rs 418 crore in the second quarter of the current financial year. The company’s revenue from operations also decreased by nearly 43% year-on-year to Rs 690 crore in the same period. Ola Electric highlighted the competitive market environment and its focus on maintaining margins and cash discipline in the auto segment.
