Ola Electric to lay off 5% of its workforce

“The company is doubling down on speed and discipline through increased automation across its frontend operations. As part of this ongoing structural transformation, approximately 5% of the workforce will be impacted,” the company said in a statement.

The news comes amid plunging EV sales at the company, that once held the market lead in electric two-wheeler (E2W) sales. 

Ola Electric had also expanded its service centre options with dedicated Hyperservice features that aims to offer same-day service guarantee in December. 

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According to the firm, its same-day resolution is now being delivered to over 80% of service requests nationwide. 

Despite efforts taken, the company’s sales have dipped in January, according to Vahaan data. The company managed to sell only 6,747 units in January, capturing a mere 6.1% share of the market.

The EV-maker had previously undertaken a series of layoffs in 2024 which impacted around 450-500 employees. 

Ola Electric’s revenue has also seen recent declines. In Q2, it reported a 43.1% decline in its revenue from operations to Rs 690 crore compared to Rs 1,214 crore in the year-ago period.

Amidst cost-cutting efforts, the company inched closer to its path to profitability, with a 15.5% decline in net losses for the period compared with the year-ago period, helped by a 44% slash in expenses across all segments.