Ola Electric Mobility will begin delivering its new motorcycles by early April 2025, according to CFO Harish Abichandani. The company is expanding both its product range and market distribution network to strengthen its position in the electric vehicle sector.
With a 28% market share reported in February, Ola Electric expects continued growth through March and into the next financial year as new products launch. The company has successfully implemented cost-reduction initiatives, achieving monthly savings of Rs 90 crore, with full financial benefits expected by April 2025.
Operational improvements have been significant, with vehicle inventory reduced from 35 to 20 days and customer delivery times shortened from 12 days to just 3-4 days. Abichandani indicated that further efficiency enhancements are anticipated as the distribution network continues to be optimized.
The company has revised its profitability timeline favorably due to exceeding cost-saving targets. While initially linking EBITDA break-even to 50,000 monthly deliveries, stronger cost reductions may accelerate profitability. Ola Electric remains on track to achieve profitability by Q1 FY26 (April-June 2025).
