Ola Electric Cuts About 5% of Jobs in Automation-Driven Reshuffle

Overview

• Ola Electric said the reduction is part of a structural transformation to boost speed and discipline by increasing automation across its front-end operations.
• The company highlighted its Hyperservice program, stating that more than 80% of service requests now receive same-day resolution nationwide.
• Retail momentum remains weak, with January registrations at 7,221 units as of January 31 and monthly sales staying below 10,000 for a third straight month, while rivals including TVS and Ather posted higher volumes.
• Recent financials show pressure on the top line, with Q2 FY26 revenue from operations down about 43% year-on-year to Rs 690 crore even as net losses narrowed roughly 15% to Rs 418 crore.
• The latest cut follows a larger restructuring in March 2025 that eliminated more than 1,000 roles and comes after CFO Harish Abichandani’s exit, with Deepak Rastogi appointed as the new finance chief.