Ola Electric Plans 5% Job Cuts to Boost Automation and Profitability

Ola Electric, based in Bengaluru, announced on 30 January that it would lay off about 5% of its employees as part of a reorganisation meant to increase automation and boost profitability. An electric two-wheeler manufacturer financed by SoftBank has said that it is "doubling down" on discipline and speed by automating more of its front-end processes.

The company stated that it is committed to the development of a "leaner organisation" that is well-positioned for long-term, profitable growth. Ola Electric has been engaged in a business turnaround effort as a result of the initial successes obtained through its Hyperservice programme and service-led execution reset. The company has now achieved same-day resolution for more than 80% of service requests nationwide.

Ola Changing the Face of its Business Operations

The business stated that while it streamlines processes, it is still committed to providing a better client experience. In March 2025, it had already laid off over 1,000 workers, claiming that technology had increased productivity. Legacy companies like Bajaj Auto, Hero MotoCorp, and TVS Motor, as well as rival Ather Energy, have been posing a greater threat to Ola Electric. Since the company's August 2024 market debut, its shares have dropped by more than 57%. Furthermore, the Federation of Automobile Dealers Associations (Fada) reported that Ola Electric's sales experienced a 51% decline in 2025. This is owing to registration issues that arose at the beginning of the year. The company reduced its full-year sales target to INR 3,000–3,200 crore during its second-quarter earnings for FY26. The targets were reduced from an earlier estimate of INR 4,200–4,700 crore, while keeping its margin expectation for the core automotive business, according to Reuters.

Ola Electric CFO Harish Abichandani Resigns

The chief financial officer (CFO) of Ola Electric, a manufacturer of electric vehicles (EVs), Harish Abichandani, has resigned. He resigned for "personal reasons". The listed electric two-wheeler (E2W) manufacturer also announced the appointment of former Puravankara (real estate developer) executive Deepak Rastogi as the new CFO in a filing with the Exchange.

Rastogi will take over as the new chief financial officer from today, according to the EV manufacturer. He has also been designated as one of the listed company's important managers. Rastogi is a certified chartered accountant and a graduate of the SP Jain Institute of Management & Research. In the past, he held a variety of positions with organisations such as Castrol, Tata AutoComp Systems, and Deepak Fertilisers And Petrochemicals Corp.