Ola Electric Says Cost-Cutting Initiatives Helping Save INR 90 Cr Per Month

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SUMMARY

Ola Electrc has completed the implementation of the cost-cutting measures under the ‘Network Transformation and Opex Reduction Program’, which was launched in November last year

Ola’s cost-cutting measures involved shutting all regional warehouses, shipping vehicles, spare parts and accessories directly from factories to stores, automating registration, among others

Ola Electric posted a consolidated net loss of INR 564 Cr in Q3 FY25 on operating revenue of INR 1,045 Cr

Bhavish Aggarwal-led Ola Electric has…



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Ola Electric Says Cost-Cutting Initiatives Helping Save INR 90 Cr Per Month


SUMMARY

Ola Electrc has completed the implementation of the cost-cutting measures under the ‘Network Transformation and Opex Reduction Program’, which was launched in November last year

Ola’s cost-cutting measures involved shutting all regional warehouses, shipping vehicles, spare parts and accessories directly from factories to stores, automating registration, among others

Ola Electric posted a consolidated net loss of INR 564 Cr in Q3 FY25 on operating revenue of INR 1,045 Cr

Bhavish Aggarwal-led Ola Electric has…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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