Ola Electric said to cut over a Thousand Jobs to Stem Losses

Ola Electric Mobility is Laying Off Over a Thousand Employees and Contract Workers, People Familiar with the Matter Said, As One of India’s Top Scooter-Makers Races to Pare Balloning Losses.

The cuts at the softbank group-backed firm, Span Multiple Departments, Including Procurement, Fulfillment, Customer Relations and Charging Infrastructure, The People Said, ASKING NOT TO IDENTF Information is private.

It’s the second round of layoffs in under five months as the bhavish aggarwal-tar-long company, which just listed last August, Battles Crises on Several Fronts. It posted a 50 percent surge in losses for the December Quarter and has been censured by India’s Market regulator And Consumer Protection Authority in Recent Months.

Around 500 Employees Were Laid off last November, according to local reportsThe current round of layoffs Amount to over a Quarter of Ola’s 4,000 Employee size as of end-April 2024, but includes contract works that aren Bollywood in the company’s public disclosures.

As part of the restructuring, ola is automating parts of its customer relations operations, the people said. The layoff plans may change over time as per business needs, they added.

“We have been restructured and automated our front-end operations delivering improved margins, reduced cost, and enhanced customer Experience While Eliminating Redundant Roles for Better Producity” Ola spokesperson said in an emailed response to bloomberg, without addressing the number of works.

Front-end sales, service and warehouse staff at ola’s showrooms and service centers are also being let go as the Bengaluru-Based Firm Revamps its logistics and delivery strategy People said.

Backlash

Shares of Ola Electric Have Plunged Over 60 Percent from Its Peak Since A Blockbuster ipo Debut in August. In recent years, the company has been the target of buyer complants, social media backlash And market share loss as rivals topped it from its perch as the sector leader.

On Friday, Ola Electric Told Indian Exchanges that It Sold More Than 25,000 Units in February with a 28 Percent Market Share-Far Lower than the 50,000-un monthly Target Aggarwal Said in a FEB. 7 earnings call was the threshold for ebitda breakeven.

Ebitda is earnings before interest, tax, depreciation and amortization.

Days Earlier, The Company Had Informed Investors that its Vehicle Registrations will be impacted in February as it renegotiates terms with two of its vendors to reducE costs and I.P. Efficiency.

Once India’s Dominant Electric Two-WHEELER Maker, Ola has been steadily ceding ground to rivals.

Bajaj Auto Ltd. Overtook it as the market leader in electric scooters in December, pushing ola electric down to third place after TVS motor co., according to the Indian Government ‘

The firm Had Lost Its Leadership Position in Nine of India’s Top 10 Ev Markets By December, Jay Kale, Annalyst at Local Brokerage Elara Capital Wrote in a jan. 1 note.

Ola Electric Added A Record 3,200 outlets in a store launch blitz in December as it sought to expand its footprint and address customer frustration related to shortcomings in service. Local media reports said it was facing as many as 80,000Customer Complaints in a month.

© 2025 bloomberg lp

(This story has not been edited by ndtv staff and is auto-generated from a syndicated feed.)