Ola Electric to lay off 5 percent of employees
Ola Electric has announced that approximately 5 percent of its workforce will be impacted as part of what the company describes as an “ongoing structural transformation” aimed at increasing automation across its front-end operations. Ola cites automation and cost reduction as key drivers Sales dropped 51 percent in 2025 compared to 2024 Market share more than halved to 15.57 percent Ola Electric workforce reduction and market challenges The company has not specified how many employees will be affected While Ola Electric has not clarified which departments will be most affected by the layoffs, the move raises concerns given the company’s already strained position. Over the past year, Ola Electric has been steadily losing market share in the electric two-wheeler segment. In 2025, the company’s sales dropped sharply to 1,99,316 units, down 51 percent from 4,07,700 units in 2024. As a result, Ola’s market share has more than halved – from 35 percent to 15.57 percent – pushing it ...