Ola Electric accelerates profitability drive axing regional warehouses, optimizing costs

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Ola Electric accelerates profitability drive axing regional warehouses, optimizing costs - YourStory

Quick Summary:

Ola Electric's strategic move is expected to boost EBITDA margins by almost 10 percentage points, besides improving inventory management and faster customer deliveries.

Internal sources indicated that the company is on track to sell over 25,000 units this month, maintaining its leadership in the EV two-wheeler segment.

The inventory pipeline has also been halved to 15 days from 30 days earlier and the delivery timelines have also been brought down to 4-5 days from an earlier timeframe of 10 days, sources added.