Ola Electric to lay off 5% staff amid sales slump
Business
Ola Electric is letting go of about 5% of its staff to ramp up automation, after a tough year where sales dropped sharply—from over 4 lakh units in 2024 to just under 2 lakh in CY25.
The company says this move will help streamline operations, but it comes at a time when they're already dealing with big market challenges.
Layoffs raise concerns about customer support, but Ola is betting
Ola's market share has slipped from 35% to just over 15%, pushing the brand down to fourth place among electric two-wheeler makers.
While layoffs have sparked worries about customer support, Ola is still betting on new launches like a compact electric car and the Diamondhead concept bike to turn things around.