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Ola Electric Mobility has completed a network transformation and operational expenditure (opex) reduction program, resulting in a cost savings of ₹90 crore per month. The company anticipates achieving EBITDA breakeven in its automotive segment by the first quarter of fiscal year 2026 (Q1 FY26). This initiative is expected to yield full financial benefits by April 2025. The company's shares have rebounded following the announcement of this guidance, rising from ₹50. Ola Electric's overall strategy aims to enhance customer experience while reducing costs, contributing to its optimistic outlook for the future.
India's Ola Electric says saving about 900 million rupees from cost-cut measures https://t.co/1ehOZBI0bq https://t.co/VoxfXMvlV9
🚨 @OlaElectric EV business to be Ebitda positive next quarter: @bhash The EV maker said it expects the automotive segment's #Ebitda breakeven in Q1 FY26, as a result of company-wide initiatives to reduce cost and improve customer experience. https://t.co/JEJHRDeZh4
#MarketsWithBS | #OlaElectric share rose after the company's announcement that it expects #Ebitda breakeven in its Automotive segment by #Q1FY26, with full financial benefits from recent initiatives expected by April'25 @tiwary_tanmay https://t.co/omGoh09WYf
