As per The Economic Times report, Ola Electric announced a further reduction of its physical retail footprint to roughly 550 outlets by the end of March, reflecting a sharp slowdown in sales and mounting operational pressures.
The company has already trimmed its network to 700 stores as part of a “structural reset”. The latest plan will close an additional 150 locations, bringing the total to about 550 by March‑end. Closures have been accompanied by staff exits at the affected sites.
For the quarter ended 31 December 2025, Ola Electric posted a net loss of ₹487 crore, better than the ₹564 crore loss recorded a year earlier.
Revenue from operations fell 55% year‑on‑year to ₹470 crore. Vehicle deliveries dropped to 32,680 units, a 61% decline compared with the same period last year.
According to Vahan data, the company’s share of the electric two wheeler market slipped to 6.3% in January, down from roughly 26% a year earlier.
In the first 18 days of February, sales of 2,575 vehicles reduced the share further to about 4.2%, placing Ola behind legacy manufacturers such as TVS Motor, Bajaj Auto and Hero MotoCorp as well as newer entrants like Ather Energy.
Several showrooms and service centres were ordered to shut after being found without valid trade certificates, particularly in Maharashtra.
The firm has also undertaken multiple rounds of workforce reductions across technology, hardware and other core functions to curb operating burn.
As of February 20, 2026, at 9:19 AM, Ola Electric Mobility share price on NSE was trading at ₹27.07 down by 1.60% from the previous closing price.
Ola Electric’s decision to cut its store network to 550 reflects a broader effort to align its cost structure with declining sales. The latest quarter showed a significant fall in revenue, deliveries and market share, while operational adjustments continue across the organisation.
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Published on: Feb 20, 2026, 11:32 AM IST
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