Ola Electric, mired in controversies amid a government probe and mounting losses, is set to lay off at least 500 employees as part of a restructuring exercise.

According to experts, increased competition and service network challenges have impacted Ola Electric’s market dominance.

Ola Electric Layoffs News: The move aims to streamline operations, eliminate redundant roles, and enhance profitability. The restructuring process, which began months ago, is expected to conclude by December 2024.