<p><a href="https://www.deccanherald.com/tags/ola-electric">Ola Electric</a> expects its automotive segment’s earnings before interest, taxes, depreciation and amortisation (EBITDA) to breakeven in the next quarter (Q1 FY26), the EV maker said on Wednesday in a regulatory filing.</p>.<p>“Our @OlaElectric EV business will be EBITDA positive next quarter,” reiterated founder Bhavish Aggarwal on X.</p>.<p>This comes as a result of the company completing a programme to cut its operation expenditure, as per the filing. The initiative has delivered a cost reduction of Rs 90 crore per month.</p>.<p>Ola’s stocks, which opened at Rs 51.10, saw a high of Rs 52.55 during the day, before closing at Rs 51.06.</p>.Manufacturing boosts industrial output growth to 5% in Jan.<p>“Ola Electric Mobility Limited has successfully finished implementation of its network transformation and opex reduction programme, a company-wide initiative launched in November 2024 with an aim to reduce cost and improve customer experience,” said the statement. The financial impact of these initiatives will begin to fully reflect from April 2025, it added.</p>.<p>Ola recently underwent mass layoffs of around 1,000 employees, following a round of layoffs of another 500 employees in November 2024.</p>.<p>The opex cut encompassed distribution network transformation projects like shutting all regional warehouses and shipping the vehicles, spare parts and accessories from the factory directly to stores, automating registration and other processes, and productivity improvements in the sales and service network, stated Ola.</p>.<p>Automation and productivity improvement was also cited as reasons for eliminating roles, according to a previous statement by an Ola spokesperson in response to <em>DH</em> questions.</p>.<p>In addition to cost savings, these changes have resulted in reducing average vehicle inventory from approximately 35 to 20 days, and reducing delivery time for customers from 12 days to 3-4 days, Ola highlighted in the filing.</p>.<p>The vehicle registration process transformation is in its final stages. The company’s daily registrations have improved to over 800 per day and crossing the average daily sales for January-February this year, Ola added.</p>.<p>“KPO (knowledge process outsourcing) companies in India need to up their game else AI is going to eat their lunch,” said Aggarwal on X.</p>.<p>“These structural improvements position the company for strong long-term profitable growth,” stated Ola.</p>.<p>In December, Ola had reported year-on-year wider losses for the quarter. The firm had reported a net loss of Rs 564 crore, up from Rs 376 crore for the October-December quarter in 2023.</p>
<p><a href="https://www.deccanherald.com/tags/ola-electric">Ola Electric</a> expects its automotive segment’s earnings before interest, taxes, depreciation and amortisation (EBITDA) to breakeven in the next quarter (Q1 FY26), the EV maker said on Wednesday in a regulatory filing.</p>.<p>“Our @OlaElectric EV business will be EBITDA positive next quarter,” reiterated founder Bhavish Aggarwal on X.</p>.<p>This comes as a result of the company completing a programme to cut its operation expenditure, as per the filing. The initiative has delivered a cost reduction of Rs 90 crore per month.</p>.<p>Ola’s stocks, which opened at Rs 51.10, saw a high of Rs 52.55 during the day, before closing at Rs 51.06.</p>.Manufacturing boosts industrial output growth to 5% in Jan.<p>“Ola Electric Mobility Limited has successfully finished implementation of its network transformation and opex reduction programme, a company-wide initiative launched in November 2024 with an aim to reduce cost and improve customer experience,” said the statement. The financial impact of these initiatives will begin to fully reflect from April 2025, it added.</p>.<p>Ola recently underwent mass layoffs of around 1,000 employees, following a round of layoffs of another 500 employees in November 2024.</p>.<p>The opex cut encompassed distribution network transformation projects like shutting all regional warehouses and shipping the vehicles, spare parts and accessories from the factory directly to stores, automating registration and other processes, and productivity improvements in the sales and service network, stated Ola.</p>.<p>Automation and productivity improvement was also cited as reasons for eliminating roles, according to a previous statement by an Ola spokesperson in response to <em>DH</em> questions.</p>.<p>In addition to cost savings, these changes have resulted in reducing average vehicle inventory from approximately 35 to 20 days, and reducing delivery time for customers from 12 days to 3-4 days, Ola highlighted in the filing.</p>.<p>The vehicle registration process transformation is in its final stages. The company’s daily registrations have improved to over 800 per day and crossing the average daily sales for January-February this year, Ola added.</p>.<p>“KPO (knowledge process outsourcing) companies in India need to up their game else AI is going to eat their lunch,” said Aggarwal on X.</p>.<p>“These structural improvements position the company for strong long-term profitable growth,” stated Ola.</p>.<p>In December, Ola had reported year-on-year wider losses for the quarter. The firm had reported a net loss of Rs 564 crore, up from Rs 376 crore for the October-December quarter in 2023.</p>