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Ola Electric saves $10.3M monthly through cost-cutting program, aiming for profitability by April 2025.
Ola Electric, an Indian electric vehicle maker, has cut costs by Rs 90 crore ($10.3 million) monthly through its Network Transformation and Opex Reduction program, launched in November 2024.
The program includes automating processes and improving sales and service networks, leading to quicker deliveries and reduced inventory.
Despite job cuts and regulatory challenges, the company aims to achieve EBITDA breakeven in the next quarter, starting April 2025.
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Ola Electric ahorra $10.3M mensuales a través de un programa de reducción de costos, con el objetivo de obtener rentabilidad para abril de 2025.