New Delhi, March 12 – Ola Electric announced on Wednesday that it has successfully implemented a company-wide initiative aimed at reducing costs and enhancing customer experience. The company stated that this transformation, initiated in November 2024, has led to a permanent reduction of ₹90 crore per month in operational expenses.
As per agency report, the financial impact of these cost-cutting measures will become fully visible from April 2025. Ola Electric, which operates in the electric vehicle segment, expects to achieve a break-even position in its automotive division’s earnings before interest and taxes (EBITDA) during the first quarter of the next financial year.
The company’s restructuring program involved shutting down regional warehouses and freight vehicles, ensuring direct delivery of components from the factory to retail stores, automating registration and other processes, and improving productivity across its sales and service network.
Additionally, Ola Electric reported a significant reduction in its average vehicle stock levels, which have dropped from 35 days to 20 days. The company also managed to cut down customer delivery time from 12 days to just three to four days, ensuring faster service and improved operational efficiency.
