Ola Electric accelerates profitability drive axing regional warehouses, optimising costs

Ola Electric Mobility has eliminated its regional warehouses across India, and will now leverage its 4,000 retail stores nationwide for maintaining vehicle inventory, spare parts, accessories, and last-mile deliveries. 

Ola Electric is redesigning its distribution network and optimizing vehicle registration process as India’s largest electric two-wheeler maker chalks out roughly Rs 30 crore monthly savings in an accelerated profitability drive. The company’s focus on profitability comes at a crucial juncture for India’s EV market, which has seen a double-digit growth amid rising fuel prices and increasing adoption in Tier 3 & 4 markets.

Ola Electric Mobility is an electric vehicle company that primarily manufactures electric vehicles and certain core components for electric vehicles such as battery packs, motors, and vehicle frames at the Ola Futurefactory.