Ola Electric may lay off 500 employees as part of restructuring exercise

Quick Summary:

Ola Electric posts revenue of Rs 1,240 crore in Q2FY25, up by 38.

Ola Electric recently stated it has the broadest portfolio in EV scooters, with six models across a price range of Rs 75,000 to Rs 150,000.

Ola Electric further reiterated that cell manufacturing has been an integral part of its vertical integration strategy.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: India

Topics: Layoff Ola Electric Auto sector Indian companies Restructuring exercise

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 22:03:07 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 420 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23740844

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 327 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 6 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions