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Ola Electric Says Saving About ₹900 Mn From Cost-Cut Steps
Hindustan Times West UP
|March 13, 2025
India's Ola Electric has managed to save ₹90 crore ($10.3 million) a month from a cost-cutting programme it began in November, the electric scooter maker said on Wednesday.
Since making its splashy stock market debut last August, Ola Electric has been hit with a spate of blows ranging from falling sales to heightened regulatory scrutiny. It has cut jobs at least twice since November, according to media reports, and has been working on re-shaping its sales and service networks, reducing operating costs and bringing down inventory.
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