Electric scooter firm Ola Electric says it will lay off 5% of workforce

Sales for Ola Electric, which is yet to turn a profit, slid for much of fiscal 2026, with rival Ather Energy and legacy players TVS Motor and Bajaj Auto overtaking.

Ola Electric will lay off 5% of its workforce as part of a restructuring effort, the electric scooter manufacturer said on Friday.

The company is "doubling down" on speed and discipline through increased automation across its front-end operations, it said in a statement, adding that it is building a "leaner organisation" positioned for long-term, profitable growth.

Sales for Ola Electric, which is yet to turn a profit, slid for much of fiscal 2026, with rival Ather Energy and legacy players TVS Motor and Bajaj Auto overtaking.

Bhavish Aggarwal-led electric two-wheeler maker Ola Electric had initiated a major internal restructuring exercise in March of 2025, leading to the layoff of around 1,000 employees across sales, distribution and marketing departments, sources told Moneycontrol.

This move comes after a similar downsizing in November 2024, which affected at least 500 employees.

The latest restructuring also comes amid a series of top-level exits. In December 2024, Chief Marketing Officer Anshul Khandelwal and Chief Technology Officer Suvonil Chatterjee resigned from their roles.

Ola Electric has undergone multiple restructuring phases in recent years. In September 2022, ahead of its IPO, the company streamlined operations while making a series of new hires