Ola Electric to Lay Off 5% Workforce Amidst Halved Sales, Doubled Losses
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News18•31-01-2026, 06:15
Ola Electric to Lay Off 5% Workforce Amidst Halved Sales, Doubled Losses
- •Ola Electric announced a 5% workforce reduction as part of a 'structural transformation' to improve operations and address future challenges.
- •The layoffs come as Ola Electric's market share in the Indian electric two-wheeler market significantly dropped from 36.7% in 2024 to 16.1% in 2025.
- •The company attributes the layoffs to promoting large-scale automation in frontend operations, aiming for speed, discipline, and a streamlined organization.
- •Ola Electric faces customer complaints regarding service delays, irregular deliveries, and poor after-sales service, despite claims of a new 'Hyperservice' model.
- •Financially, Ola Electric reported a consolidated net loss of 418 crore rupees and a 43% decrease in operating revenue to 690 crore rupees in Q2.
Why It Matters: Ola Electric is laying off 5% of its staff due to declining sales, increased losses, and operational challenges.
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