Ola Electric to Layoff Around 5% Workforce Amid Restructuring Drive

Ola Electric has announced organisational changes as part of a wider effort to reset its business operations, with the company focusing on efficiency, automation and service delivery improvements, as per news reports. 

Workforce Restructuring and Operational Reset 

The electric two-wheeler maker said around 5% of its workforce will be impacted under a restructuring exercise aimed at streamlining operations. The move forms part of a broader turnaround plan led by founder Bhavish Aggarwal, with an emphasis on increasing automation across front-end operations and improving service performance. 

In a statement issued on Friday, the company described the exercise as a “structural transformation”, adding that it is working towards building a leaner organisation while progressing towards long-term profitability. 

Market Performance and Service Initiatives 

The restructuring coincides with Ola Electric’s market share in the electric two-wheeler segment dropping to 6.3% in January 2026 from about 26% a year earlier, according to Vahan data, along with higher customer complaints on service quality and vehicle performance. The company sold 6,747 vehicles during the month. 

Ola Electric said it is accelerating automation to improve operational speed and discipline while focusing on customer experience in a tough demand environment.  

It reported early gains from its Hyperservice initiative, with over 80% of service requests now resolved the same day nationwide, and said existing service centres will be upgraded into Hyperservice Centres offering a same-day service guarantee at no extra cost. 

Management Changes and Financial Performance 

The developments also follow several senior-level exits over the past year. Chief financial officer Harish Abichandani recently stepped down citing personal reasons, after which the board appointed Deepak Rastogi as his successor.  

Earlier, chief marketing officer Anshul Khandelwal and chief technology officer Suvonil Chatterjee had also exited the company. 

Read More: Ola Electric’s Market Share Dropped to Below 6% Amid Rising Customer Concerns! 

Ola Electric Share Price Performance  

As of February 1, 2026, at 9:20 AM, Ola Electric Mobility Ltd share price is trading at ₹32.33 per share, reflecting a gain of 1.51% from the previous closing price. Over the past month, the stock has declined by 13.83%. 

Conclusion 

The workforce restructuring reflects Ola Electric’s efforts to recalibrate its operations amid market share pressures, service challenges and a broader push towards automation, as the company works to stabilise performance and improve efficiency. 

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