New Delhi, January 30 (IANS). Electric two-wheeler company Ola Electric on Friday announced that it will lay off about 5 percent of its employees due to ongoing structural changes.
In a statement, the company said it is placing special emphasis on speed and discipline by increasing automation in its frontend operations.
Ola Electric said that under this ongoing structural change, about 5 percent of its employees will be affected.
The company further said it is focused on providing a better customer experience and building a streamlined organization for long-term, profitable growth.
The company said Ola Electric is focused on revitalizing its business, building on the early gains made through hyperservice and service-based execution, with more than 80 per cent of service requests now being resolved on the same day across the country.
The layoffs come amid major changes in India’s electric two-wheeler market in 2025. Ola Electric lost a major part of its market share, while traditional auto companies strengthened their position. Ola Electric’s market share is expected to decline from 36.7 percent in 2024 to 16.1 percent in 2025.
This steep decline highlights the growing challenges faced by Ola Electric throughout the year. Ola Electric’s problems were also related to operational issues, including customer complaints related to service delays and irregular deliveries.
The electric two-wheeler maker reported a consolidated net loss of Rs 418 crore in the second quarter of the current financial year. The revenue from operations of the company also decreased in the same sequence and declined by about 43 percent to Rs 690 crore in quarter-two.
–IANS
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