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Ola Electric Targets Ebitda Breakeven in EV Biz by Q1 FY26
Financial Express Lucknow
|March 13, 2025
OLA ELECTRIC MOBILITY on Wednesday said it has successfully implemented a cost-cutting initiative, enabling it to achieve Ebitda breakeven in the automotive segment by Q1FY26.
OLA ELECTRIC MOBILITY on Wednesday said it has successfully implemented a cost-cutting initiative, enabling it to achieve Ebitda breakeven in the automotive segment by Q1FY26. Launched in November 2024, the 'Network Transformation and Opex Reduction Program' aims to cut costs and enhance customer experience.
"This initiative has resulted in sustainable cost savings of ₹90 crore per month. Consequently, the company expects its automotive segment to be Ebitda positive in the next quarter (Q1FY26), with the full financial impact of these measures reflected from April 2025," Ola Electric said in a stock exchange filing.
Diese Geschichte stammt aus der March 13, 2025-Ausgabe von Financial Express Lucknow.
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