Ola Electric's headcount falls as attrition rate rises

FORMER ELECTRIC TWO-WHEELER leader Ola Electric Mobility witnessed not just market share loss last year but a churn in manpower too, as attrition jumped to a staggering 54% during the year.

- SWARAJ BAGGONKAR

FORMER ELECTRIC TWO-WHEELER leader Ola Electric Mobility witnessed not just market share loss last year but a churn in manpower too, as attrition jumped to a staggering 54% during the year. The company's attrition rate during FY24 was 44%.

The company lost nearly a fifth of its total permanent workforce, shrinking to 3,231 in FY25 from 4,011 seen by the end of FY24, according to its latest annual report. This includes the fall in headcount of employees engaged in technology and research and development (R&D). From 907 engineers in FY24, Ola's product and technology development team dwindled to 763 employees, marking a fall of 16% in FY25.

Ola's R&D team is engaged in advancing research across vehicle engineering, battery systems, embedded software and electronics and other domains.