The company said that the job cuts are part of its efforts to undertake a business turnaround, under which it is focusing on building on early gains realised from its recently launched delivery service Hyperservice

Ola Electric said it plans to focus on doubling down on speed and discipline by increasing automation across its front-end operations

The company undertook a similar restructuring exercise in March 2025, when it cut more than 1,000 jobs to curtail losses

Undertaking its second restructuring exercise in a year, EV manufacturer Ola Electric is set to cut 5% of its workforce.

In a statement, the company said that the job cuts are part of its efforts to undertake a business turnaround, under which it is focusing on building on early gains realised from its recently launched delivery service Hyperservice. This service, under which the company offers “one-day resolution” of service- issues, has now expanded to over 80% of service requests nationwide, it said.

Ola Electric said it plans to focus on doubling down on speed and discipline by increasing automation across its front-end operations. As per EPFO data, Ola Electric employed more than 3,000 employees as of August 2025. The exact number of people who would be impacted by the job cuts wasn’t shared by the company.

“Ola Electric remains focused on delivering a stronger customer experience and building a leaner organisation positioned for long-term, profitable growth,” the company said in a statement.

It is pertinent to mention that the company undertook a similar restructuring exercise in March 2025, when it cut more than 1,000 jobs to curtail losses. The job cuts impacted multiple departments, including procurement, fulfilment, customer relations and charging infrastructure.

Ola Electric has been troubled by high losses, customer complaints, and declining EV market share.

In Q2, the company managed to narrow its net loss 15% YoY to INR 418 Cr. However, its operating revenue also declined 43% YoY to INR 690 Cr.

Back then, it said its automotive segment turned EBITDA positive during the quarter, posting an EBITDA of INR 2 Cr as against an EBITDA loss of INR 162 Cr in the year-ago period. The company is yet to declare the date for its Q3 earnings.

The development comes shortly after CFO Harish Abichandani stepped down citing “personal reasons”. The EV maker also announced the appointment of ex-Puravankara (real estate developer) executive Deepak Rastogi as the new CFO.

Shares of Ola Electric ended today’s trading session 1.44% higher at INR 32.33 on the BSE.