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Ola Electric cuts 5% of staff amid declining sales and profits, but reports improved service and a key battery certification.
Ola Electric is cutting 5% of its workforce—about 175 employees—as part of a restructuring to boost efficiency, automation, and profitability.
The move follows previous layoffs and comes amid declining sales, a sharp drop in market share, and weakened financial results, including a 43% revenue drop in Q2 FY26.
The company highlighted improvements in service, with over 80% of requests resolved same-day via its Hyperservice initiative, and announced BIS certification for its home battery system, Shakti 9.1kWh, as a step toward India’s energy independence.
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Ola Electric recorta el 5% del personal en medio de la disminución de las ventas y las ganancias, pero informa de un mejor servicio y una certificación de baterías clave.